Chart a course to your financial future

12 August 2020

A plan for your KiwiSaver to help you navigate uncharted waters

The Coronavirus outbreak has had a profound effect on all our lives, as we continue to follow the Government’s guidance on social distancing to protect the most vulnerable in our communities.

And as the financial impact of COVID-19 deepens around the world, many New Zealanders have been left wondering if it’s time to change tack with their KiwiSaver.

It’s impossible to know exactly what’s coming next, but whether it’s calm waters or stormy seas, a long-term plan for your KiwiSaver will help you to navigate these uncharted waters.


Keep your eyes on the horizon

Unlike a bank savings account, KiwiSaver is an investment, which means like a ship bobbing up and down on the water, your balance may change as share markets go through cycles.

If you’re in a growth fund, the choppy waters we’ve recently experienced might tempt you to drop your sails and change to a lower risk fund.

But then you might have missed out on one of the best days in the history of the Australian Stock Exchange (ASX), which achieved its biggest gain on record (going back to 1970).

That’s why, if you’re in the right fund or funds to suit your long-term goals, it’s important to keep your eyes on the horizon, and continue to make regular contributions.


Sailing at half-mast?

KiwiSaver members choose which type of fund or funds they put their money into. Some are considered higher risk, but often deliver higher returns over the long term. Others are considered lower risk, but usually deliver more consistent returns.

Being in a conservative fund when you’re a long way off from needing your money is a bit like sailing at half-mast – it’s going to take you a lot longer to get where you want to go.

That’s why it’s important to pick a fund that suits your long-term goals. Find out more about funds.


Skipper’s checklist

There are a few other things skippers should check to ensure smooth sailing with their KiwiSaver:

  • Get contributions sorted – make sure you're receiving employer contributions and putting in enough to get the Government Contribution.
  • Set up your KiwiSaver – make sure you’re paying the right tax.
  • Look at what you get for the fees you pay – there’s big differences between the services that providers offer, so make sure you understand the benefits of each one before making any decisions.


Help from someone who’s sailed these waters before

AMP is one of only a handful of providers who have been offering KiwiSaver since it began and the only business of our kind that has been supporting clients through all kinds of global events for more than 170 years.

One of the benefits of being with a full-service provider is that we have a wonderful team of experienced and committed people who can help you to achieve your long-term goals.

So, if you’d like to chat with someone who’s sailed these waters before, get in touch.


The information included in this article is of a general nature and is not a substitute for financial or other professional advice. To the extent that the information constitutes advice, it is class advice only. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. For personal financial advice, we recommend you contact your Adviser or if you don't have an Adviser, contact us on 0800 267 263 and we can put you in touch with one.

AMP KiwiSaver Scheme

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
A disclosure statement is available from your Adviser, on request and free of charge.

New Zealand Retirement Trust

For more information, download a copy of the NZRT Product Disclosure Statement (Workplace or Personal sections) and Fund Update Booklet. AMP Wealth Management New Zealand Limited is the issuer and manager of the New Zealand Retirement Trust. The Supervisor of the Scheme is the New Zealand Guardian Trust Company Limited.