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KiwiSaver

KiwiSaver is a voluntary, work-based savings initiative to help you with your long-term saving for retirement.

 
 

KiwiSaver is designed to be hassle-free so it's easy to maintain a regular savings pattern. Here at DUX, we can advise you how best to use you KiwiSaver from purchasing your first home or preparing for retirement. 
 

Reasons you should be getting advice on your KiwiSaver

  • Are you in a default fund?

    • If so, you have not chosen a fund yourself and may be in the wrong fund for your Investment profile. You could be sacrificing portfolio growth over time.

  • Do you want to use your KiwiSaver to help you buy your first home?

    • If you are about to do this, then getting advice on how to use your savings is important, or if you are just starting then you need the right advice on how to plan for it, to ensure the most bang for your buck.

  • Are you contributing the right amount and getting the most benefit for your contributions?

  • Could you afford to contribute more or should you be contribute less?

  • Do you have $20K or more in your fund and want to make sure you are actually on your way to your retirement goals?

  • Are you also in one of the Government schemes (SSRSS or GSF) or a private super fund and want to maximise your benefits across both KiwiSaver and the other fund?

Who can advise on KiwiSaver?

From 15 March 2021, the regulation of financial advice falls under the Financial Markets Conduct Act 2013. This means that only financial advisers operating under a licensed Financial Advice Provider can give KiwiSaver advice.

The new changes also mean that only advisers with proven competence, knowledge, and skill in the KiwiSaver and Investments area can advise clients. This is important because, in the past, advisers without in-depth knowledge of KiwiSaver could still provide a more “general” set of recommendations defined as “class advice”. This was not tailored for the client’s specific situation.

Under the new regulatory regime, this type of general advice is no longer permitted. Only advisers with proven knowledge to provide personalised investment recommendations can assist KiwiSaver clients. In any case, your adviser will indicate if they are able to give you KiwiSaver advice or not.

Dux Financial has a team of qualified and experienced KiwiSaver advisers who can offer you the personalised advice you need to meet your goals.

For advice on KiwiSaver, please contact us.