Retired lady with blonde hair reading on the beach in a grey cardigan

My financial choices in retirement

Setting up for the retirement you want

With a little bit of forward-planning now, you can have a worry-free retirement to look forward to. From maximising your retirement investments to discovering your government benefit entitlements, you have plenty of financial choices in retirement.

Nurture your retirement investments

As you get closer to retirement, hopefully you’ve managed to build a good level of wealth. Now’s a great time to assess your investments and check that they’re:

  • appropriate for your situation or soon to be situation (i.e. retirement)
  • diversified
  • take into account your tolerance for risk.

As you near retirement, you might want to reduce your risk profile - this generally lowers the returns but also makes your hard earned investment less subject to the markets’ volatility. However you also don’t want your money in a safe but low-earning investment that runs out of steam before you do. An Adviser can help you get the right balance between income and growth investments.

Match your investments to your changing needs

Your needs and situation change over time – it’s important your investments keep up with these changes. If you’ve got investments that you haven’t reviewed for a while you may find that your investment choices are no longer the most appropriate for you.

Your fees could be too high, or your investments may be too risky or don’t suit your lifestyle or retirement goals.

It’s a good idea to get professional advice before making or changing any investments, and to review your investments annually.

Access your KiwiSaver account savings

If you’ve been contributing to your KiwiSaver account, as you reach retirement you’ll finally be able to access your savings. You can withdraw from KiwiSaver from your qualifying date. This means:

The qualifying age for New Zealand Superannuation (currently age 65); unless
you joined KiwiSaver (or a complying superannuation fund) before 1 July 2019 then it's the later of:

  • The qualifying age for New Zealand Superannuation (currently age 65);
  • 5 years after you first joined KiwiSaver (or complying superannuation fund if transferred to KiwiSaver from one); or
  • 5 years after Inland Revenue received your/your employer's first contribution.

However, if you have not reached your qualifying date and you are over 65 you can choose to bring your qualifying date forward but you will lose eligibility for government and employer contributions from that date (though your employer may choose to continue contributing).

Once you’ve got access to your savings, you can choose to:

  • leave your savings in your current chosen KiwiSaver scheme and switch your investment funds to match your new goals 
  • withdraw some or all of your savings ($250 minimum (if you have an AMP KiwiSaver Scheme account)) 
  • set up a regular withdrawal ($50 minimum, available fortnightly, monthly or quarterly (if you have an AMP KiwiSaver Scheme account)). 

Leaving your money in KiwiSaver and using partial withdrawals to fund your lifestyle can be an excellent option. Make sure you talk these options through with your Adviser before you take your money out to see what the best option is for you.

Understand your government benefit entitlements

As you approach retirement, you may be eligible for government benefits. These benefits can help to supplement your income or savings and make your retirement lifestyle financially easier. Benefits may include:

  • New Zealand Superannuation (NZ Super) – if you’re age 65 and older
  • SuperGold card – which gives you discounts and offers from a range of businesses, plus government concessions (like free off-peak public transport) and discounted local council services
  • veteran’s pension
  • help with housing and living costs – including essential house repairs, rent, board or mortgage payments, rates and rates rebates, and buying household appliances and furniture
  • help with retirement home or assisted living costs.

Using property to fund your retirement

Selling or downsizing your home to help fund your retirement could release money for you to save or invest to provide you with future income.

Understand the reasons why downsizing could be right for you, plus the hidden risks – and how to avoid them – by reading our Downsizing guide.


White flower in foreground with sun spots

Your retirement options

Take control of your finances with a financial Adviser

Find an Adviser

Use your property to fund your retirement

Make the most of your retirement lifestyle

Find out more
Close up of grass with sunset shining through

Important information

Show more

AMP Wealth Management New Zealand Limited is the issuer and manager of the AMP KiwiSaver Scheme (the 'Scheme'). The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited.

For more information, download a copy of the AMP KiwiSaver Scheme Product Disclosure Statement and Fund Update Booklet, which have been lodged on the Scheme's offers register entry at

The content provided is intended to be used as information only and does not constitute financial advice. Before acting on any of the results provided, we recommend that you seek advice which takes your individual circumstances into account.