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Top 10 facts about KiwiSaver

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Why do we love KiwiSaver?

It's an easy way for New Zealanders to save for retirement.

See what else is cool about KiwiSaver.

Published in: Economy & Finance
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Top 10 facts about KiwiSaver

  1. 1. A bonus you can get from the government each year for adding money to your KiwiSaver account KiwiSaver Top 10 facts
  2. 2. KiwiSaver isn’t a traditional savings account. It’s a locked-in retirement investment account managed for you by a KiwiSaver scheme provider 1.
  3. 3. 55% of New Zealanders are KiwiSaver members, even though being in KiwiSaver is voluntary 2.
  4. 4. KiwiSaver helps you save for retirement. 3. You can withdraw money early if you’re in financial hardship, very ill or buying your first home
  5. 5. There are just over 2.4 million KiwiSaver members. But only 1.5 million members are contributing to their accounts! 4.
  6. 6. You don’t have to withdraw your KiwiSaver savings when you’re 65 – you can keep saving and investing and top up your retirement income 5.
  7. 7. https://y In 2016 the government gave $728.3m in member tax credits (MTC) to people who contributed to their KiwiSaver accounts 6.
  8. 8. KiwiSaver doesn’t replace NZ Super – they’re completely different and they go together 7.
  9. 9. A bonus you can get from the government each year for adding money to your KiwiSaver account 9 ‘default KiwiSaver scheme providers’ were chosen by the government. There are 25 KiwiSaver scheme providers in all 8.
  10. 10. 26,569 people withdrew some of their KiwiSaver money in 2016 to help buy their first homes 9.
  11. 11. KiwiSaver members invested $33.8bn through their accounts in 2016 10.
  12. 12. Sweet! Look out for more soon… Want more?

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