It’s that time of year where holidays are well and truly over and it feels like life is fully getting back into the swing of things. Before the year gets ahead of you, we thought we’d send you a friendly annual reminder to check on your KiwiSaver. It won’t take long and we’ve made these tips as quick and easy as possible!
Check if your Fund is still right for you
We have three Funds here at Christian KiwiSaver Scheme to choose from. If you are satisfied with the type of fund you’re in, great! If you want to find out more about all our Funds and are seeking for a more conservative or aggressive option, then click here.
If you have a KiwiSaver, then that means that you are an investor (yes, you read that right!). If you are interested to find out what type of investor you are, one tool we suggest to look at is the Investor Kickstarter tool on the Sorted website which you can find if you click here. If you require financial advice we always recommend talking to a financial advisor.
Think about your contributions
KiwiSaver is a great savings scheme to help set you up for your retirement or to purchase your first home. Whether those things are just around the corner or still too far away to think about, it’s always good to be aware of how much you are contributing to your KiwiSaver.
- If you are employed, maybe think about whether your contribution rate is correct for you. If you are unsure what your contribution rate is then you can check that with your employer. The default contribution rate is 3% if you don’t choose a higher rate. Click here for more information about KiwiSaver contribution rates.
- Did you know you can make payments into your KiwiSaver account? You can contact us at any time to make voluntary contributions towards your KiwiSaver.
Are you on track to get extra money for free?
If you put in $1042.86 and are between the ages of 18 and 65, the Government may contribute up to $521.43 to your KiwiSaver account. For more information, click here.
Check your tax rate
Is your PIR tax rate correct? If you are on the wrong tax rate you may be paying too much or too little tax. Click here for a very quick guide on calculating your PIR tax rate. It should take you less than a couple of minutes!
Make sure your contact details are up-to-date
If you’ve moved home, changed your email or lucky enough to have received a brand new phone for Christmas (and changed your number), don’t forget to let us know. Make sure your details are correct so you get current and important information from us regarding your KiwiSaver investment. You can update your contact details by sending us a quick email or phone call.
There you have it! That was our quick guide to make sure your KiwiSaver is set up the way you expect for the year ahead. It’s usually good to check on these tips at least annually to make sure that your KiwiSaver appropriately reflects your current situation and is working towards your goals. If you have any questions, please email us at email@example.com or call us on 0508 738 473. We will be happy to help!