Starting out

Building savings and managing your portfolio can become a rewarding habit.

Focus on saving

Compound interest means earning interest on interest. If you invested $40 every month at 5% interest you could have an additional $35,524 in 30 years*. You will accumulate over $20,000 of interest from contributing less than $500 a year! Budgeting and savings tips are provided on the setting investment goals page.

Look at your options

There are many ways you can start your investing or savings. It might be as simple as paying your credit card faster, making additional contributions to your KiwiSaver fund or investing in a managed fund.
Each option has different pros and cons. For example you can save through KiwiSaver, but you won’t be able to access it until you are of retirement age**. There are various managed funds which allow you to save money for a range of different purposes.
For more information, view our page on the different asset classes and our page on risk and returns.

Get advice

Retirement might seem like a distant future, but now is a great time to get financial advice.

A financial adviser will be able to sit down with you and look at your priorities and then create a plan with you. Think of it as a personal trainer for you money. Click here to find an adviser in your area.

* This assumes compound interest of five per cent paid monthly (end of period) over 30 years with 360 monthly payments and excludes personal income tax and inflation implications.

** Current retirement age is 65, though you must have been a KiwiSaver member for at least 5 years before being able to access your funds. Other concessions exist for hardship or illness, buying a first home or permanently moving overseas.