Very few people know lots about KiwiSaver. Most signed up to KiwiSaver when they started work and they’ve never really thought about it since. And the saddest and most unfair thing about it, a few small KiwiSaver decisions made early can make a massive difference by the time you get to either buying your first home or retiring when you get to 65.
Rupert Carlyon is the founder of Koura which is a KiwiSaver Provider. Koura is a digital tool which can check if the Kiwisaver fund you currently have could be improved with a Koura KiwiSaver Fund.
What I like about it, is it’s fairly transparent. Sometimes the answer is, you are already in the correct fund.
“The more information that I can give you the better the decision is that you are gonna be able to make. I’m not gonna hide from the fact we would love for you to choose Koura but at the end of the day it provides you information that you can either take back to your current KiwiSaver provider or you can use as part of your research journey.”
When its time for a review
If you have never really thought about the fund or had many years ago it can be time to check the suitability of your fund. A person using their KiwiSaver as a deposit for a home means that the capital should have less volatility. However after completing the purchase and if there is a long stretch before retirement, perhaps for some volatility is ok if it means potentially more growth. The tool also considers your own appetite for risk.
Either way a great tool. We would like to disclosure at the time of writing this we do get a facilitation fee should you choose to switch your fund to Koura after the digital review. Details are fully disclosed before you can switch over. Worth checking out even if you do not go ahead with whatever the tool suggests at the end.
