Are you making the most out of your KiwiSaver investments?

Hear from Ben Brinkerhoff, Head of Advice, on how you can amplify the value of your KiwiSaver investments and tailor them to suit your preferences and needs.

Transcript

Like any investment, you want to be careful about the choice of your KiwiSaver, and there's some certain questions that most people are going to want to have answered as they think about using KiwiSaver to prepare for their future.

For example, what percentage of your retirement is going to be funded by your KiwiSaver? Are you maximizing all the benefits you can get within KiwiSaver? If you need to save outside of KiwiSaver, what you should you save in, and how much? These are just some of the questions that you're going to need answered for you on a personalised level as you think about your future.

Now, the KiwiWRAP KiwiSaver scheme was designed to facilitate personalised financial advice within KiwiSaver, and it does that in a couple important ways.

Firstly, using the KiwiWRAP KiwiSaver scheme, the adviser and the investor can design a portfolio that is specifically suited to investors' needs. There are over 400 options that you can invest in, so you and your adviser can determine the investments that are suited for you and are tailored for your strategy and what you're trying to achieve for your future.

One of the implications of this is that you no longer need to take the risk of putting all your retirement savings with one fund manager. Since KiwiWRAP gives you a wide variety of managers to choose from and gives you a choice of directly how securities like Apple or Amazon or Tesla, you can work with an advisor to select among several different choices to create a portfolio that best suits you.

But the second important thing that's different about the KiwiWRAP KiwiSaver scheme is that there is an ability for you to determine with your adviser the scope of the advice the adviser's giving you and the fee that you're willing to pay your adviser for that advice. That way you can access a more comprehensive service that incorporates all your needs, including KiwiSaver using an adviser under the KiwiWRAP KiwiSaver scheme.

And just like with any investment, you need to make sure that KiwiWRAP is the right scheme for you.

There's a couple more things about KiwiWRAP you should know, for example, the minimum account balance for someone entering the KiwiWRAP KiwiSaver scheme is $50,000. If your balance is below $50,000, you could top it up with a voluntary contribution.
 

The second thing to know is the only way to access the KiwiWRAP KiwiSaver Scheme is through an accredited adviser. Now you have the ability to not only access an investment portfolio that is specifically suited for you, but you can also get the personalised financial advice that is tailored for your plan and for your future using the KiwiWRAP KiwiSaver Scheme.