You may have heard of a KiwiSaver review, but what exactly is this, and why is it important to have one? Let’s go through what happens in an AdviceFirst KiwiSaver review so you can see how one may benefit you.
In a KiwiSaver review, you work alongside an adviser who helps you determine whether your KiwiSaver investment aligns best with your saving goals. So, whether you’re saving for your first home or retirement, it’s often a good idea to work with a specialist who can advise you on the best plan to ensure your KiwiSaver money is working best for you. These reviews are free to do, and you benefit from receiving the latest financial analysis and expertise, as well as keeping your KiwiSaver in line with any personal changes.
Reviews take about an hour to complete via Microsoft Teams, a phone call, or an in-person meeting. Our advisers get paid a salary rather than working on commission, so you can rest assured they have your best interests in mind with all the advice they put forward. Our advisers are here to help you make the best decisions for your personal circumstances to set you up for a solid financial future. They discuss any benefits and risks of your current investment fund and any potential change.
‘We don’t have time to research the providers ourselves and would rather rely on an adviser to do that for us.’
AdviceFirst KiwiSaver review client.
In your KiwiSaver review, we discuss key areas to ensure your KiwiSaver is working for you. These can include:
- What you want to use your KiwiSaver fund for, and by when?
- Are you contributing enough to achieve your financial goals?
- Are you entitled to employer or government contributions?
- What is your risk appetite and tolerance? Does your current fund match your risk profile?
- What are your values on socially responsible investing?
During the review, advisers may use certain online tools to help illustrate potential outcomes based on your answers to the questions above.
‘It’s great to learn about the Socially Responsible funds and to understand what I’m investing in because I had some concerns about this.’
AdviceFirst KiwiSaver review client.
A good time to review your KiwiSaver fund would be in line with significant life events such as purchasing your first home or approaching retirement. That way, you can determine whether your current investment strategy still aligns with your financial goals.
If you have any questions about KiwiSaver, or you would like to find out more about our other services, contact the AdviceFirst team on 0800 438 238 or email letstalk@advicefirst.co.nz.
