KiwiSaver is a special type of investment fund. It’s designed to be a retirement savings scheme where contributions are made from your wages/salary, your employer, and the government. These contributions are then invested into a KiwiSaver fund of your choice, which invest in a mix of shares, bonds, and cash. The employer and government contributions make KiwiSaver one of the best investments in New Zealand, however, your money is locked in until you’re 65, or when you’re buying your first home.
How to invest: If you’re eligible, you’ll be enrolled in the scheme automatically when you start a new job. You can also enrol manually by registering with a KiwiSaver fund provider.