Life is an adventure - whether you’re saving for your first home or your retirement, there are many paths you can take.
You also have a few options to accelerate your journey from choosing the right fund to suit your financial goals to how much money you put towards your KiwiSaver savings.
You can play with our new KiwiSaver calculator to see where your adventure is taking you.
Take advantage of Lifesteps – a hassle-free investment strategyShow more
The Lifesteps Investment Programme (Lifesteps) automatically allocates savings to the fund that matches your age over time. This means your savings are invested in the most appropriate fund for a typical investor your age.
When you’re younger, you can generally accept more unpredictable investment returns, in exchange for the potential to earn greater returns over the long term.
However, as you get older you have less time to recover any losses before needing your retirement savings. Lifesteps aims to reduce the potential for investment losses as you age.
Types of contributionsShow more
There are a few different ways you can contribute to your savings with the AMP KiwiSaver Scheme. These can include:
- deductions from your pay (via PAYE)
- regular payments via direct debit
- lump-sum payments via internet banking direct to AMP or via Inland Revenue.
For PAYE payments you’ll need to select how much of your gross salary or wages to contribute: 3%, 4% or 8%. If you don’t let your employer know, your default rate will be 3%.
Your employer will make deductions at the rate you choose. You may want to check that you are contributing at least $20 a week to ensure that you are contributing enough to get the maximum Member Tax Credit each year.
Find out more about contributing to KiwiSaver.
Important informationShow 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.