What KiwiSaver Actually Needs to Change, According to an Adviser

Five minutes could be enough to add hundreds of thousands of dollars more to your KiwiSaver.

There are simple, low-hanging fruit changes that can mean serious money landing in your account - but simple changes cut both ways. There are costly traps to avoid, and easy tweaks to your settings that can make a massive difference to your balance over time.

This week on Ask the Experts, Katie Wesney from EnableMe joins Frances Cook to answer your KiwiSaver questions, from splitting funds to self-employed strategies and tax checks.

In this episode we’re talking:

• Why you don't have to be all-or-nothing: how splitting across multiple funds protects your money and matches your personal timeline
• Why getting caught up in scary economic news headlines hurts your long-term growth
• The three questions you must ask yourself before choosing or switching a KiwiSaver fund
• Why waiting for "perfect market timing" to switch providers is a trap
• Smart KiwiSaver and retirement strategies for self-employed people who don't get employer contributions
• The 3-letter tax setting (PIR) you need to check today so you don't accidentally overpay tax
• Big policy changes that could make KiwiSaver fairer for everyday New Zealanders

If you have a letter you’d like us to answer, please send it through to [email protected] and you might feature on our next episode!

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Production and video editing by Lana Byrne

Audio engineering by Tash Chittock

Filmed by Fanaticals