Happy Birthday – KiwiSaver Scheme changes for Seniors

Remember Hello Sailor, Rob Muldoon, Goodbye Pork Pie (not the remake), the Sunday roast Cuisenaire rods, life before ATMs, mobile phones and the internet? If so, you’re probably not too far off your 65th birthday celebration…that can now include joining a KiwiSaver scheme.

From 1 July 2019, KiwiSaver was opened up to all ages, and people 65 and over are now eligible to join a KiwiSaver scheme.

That said, the big question is, just because you can doesn’t necessarily mean that you should. Here’s why, it all depends on your situation, needs, goals, as well as your existing investment plans.

The best course of action is to pause for thought and then contact your AdviceFirst Adviser. Your Adviser can access all of these and help you make the right decision for you. Once you’ve reached 65 years of age, it’s important to understand your options to help you realise a better future, whether you plan to keep working or decide to retire.

To get advice, please contact your AdviceFirst Adviser or our Wealth Management team on 0800 438 238, or email letstalk@advicefirst.co.nz   


AdviceFirst is a Financial Advice Provider (FSP23242).