Claire’s current KiwiSaver Balance : $40,000
Claire is 30 years old and is looking to buy her first home within the next few years. She earns $70,000 per year and needs $75,000 from her KiwiSaver account to pay towards a first home deposit. She is contributing 10% from her salary and her employer contributes 3%.
To check if this fund is appropriate for her, we first need to calculate how long it will take Claire to reach her deposit goal and then compare that to how her current KiwiSaver fund invests her money.
More information can be found in the
This fund is a Moderate Fund. While in theory, Claire should be able to reach her goal within 3-4 years with a Moderate fund, it may or may not be appropriate for her.
Depending on how flexible her time frame is, she might decide to remain in Moderate or move to a more conservative fund.
CONSERVATIVE BALANCED FUND
80%Â Growth Assets
16%Â Income Assets
4%Â Cash
17.5%Â Growth Assets
61.5%Â Income Assets
21%Â Cash
80%Â Growth Assets
16%Â Income Assets
4%Â Cash
As in Claire’s example above, it depends on a combination of factors such as how long it will take you to reach your goal, your current contribution rates, and the flexibility of your time frame.
National Capital can help you calculate this and give you advice on which KiwiSaver fund is most suited for your personal circumstances.
Time Frame:
How long will it take you to reach your goal under different circumstances?
Volatility Tolerance:
We check how comfortable you will be with investing and volatility?
Volatility Capacity:
We determine what your capacity to endure the ups and downs of the market is.
Expertise:
Our team specialise in Investment and KiwiSaver research.
Gift of Time:
We do the hard work, so you can focus on life.
No Cost:
Our service is at no cost to you. We are paid by the KiwiSaver providers.
Want us to recommend the best KiwiSaver fund for your First Home goals?
This page does not contain financial advice, only information. If you want personal financial advice on which KiwiSaver fund is suitable for you, please submit the KiwiSaver HealthCheck. Past performance is not necessarily indicative of future performance. Click here for an explanation of the calculations and sources used for the data on this page. Data is current as of quarter ended Mar 2023.Â
