Cave Financial Services


KiwiSaver is a work-based savings scheme intended to help members build up their savings through regular contributions, taken directly from their pay, making saving easy and accessible.

KiwiSaver comes with a range of benefits, including employer and government contributions. In 2019, a number of positive changes have been made to the scheme, including 2 new contribution rates (6% and 10%) meaning there are now even more options for you to choose an affordable amount and give you the best chance of maximising your savings. Despite the amount you contribute, your employer must also contribute at least 3% to your fund, and you could even receive a further $521 from the government.

Whilst it's important to remember that the purpose of KiwiSaver is to build your retirement fund, there are a number of circumstances in which you can withdraw your funds for other reasons. You can also take a savings suspension for up to one year, however it is difficult to compensate for those lost contributions, and pausing your investments can have a detrimental effect on your overall fund.

Evidently there are a huge number of benefits to investing in a KiwiSaver fund, however too many Kiwi's are missing out on the full potential of their retirement savings. Joining KiwiSaver and making regular contributions is a great first step, however it's just as important to review your fund regularly. Like any investment, your KiwiSaver needs will change depending on your age and life stage. It's worth looking at the balance of your funds at lest annually to make sure you have the right investment mix.

One of our qualified financial advisors can help you get the most from the scheme, so you can just watch your savings stack up.

Need some help?

Drop us a line using the form below and we'll be in touch to talk through your insurance or financial needs.

"I am thrilled with the advice and service Michael provided me for financial planning and for personal insurance. Trustworthy and a very nice chap! I highly recommend his services."
Andrew Malmo

Coronavirus: Should I be changing my Investments?

Sun Feb. 9th 2020

As the Coronavirus epidemic enters it's eighth week, Investors around the world continue to assess the long-term economic effects of the epidemic, with mixed verdicts.

7 Reasons You Need an Emergency Fund

Sun Jan. 26th 2020

Being financially prepared for the unexpected with a healthy emergency fund is a cornerstone of managing your finances. And here's the inconvenient thing about emergencies - they don't discriminate. You ...

Considering Retirement Village Living?

Mon Dec. 2nd 2019

You might have been considering, or already feel ready to leave the family home for something smaller and more manageable, and a retirement village could be exactly what you want. ...