Are you #Sorted when it comes to your KiwiSaver investment?

August is Sorted Money Month and we're getting behind the campaign to help Kiwis "Pause. Get Sorted" when it comes to growing their money and building financial resilience. One of the best ways to do this is by making the most of your KiwiSaver investment.

We've put together our top five KiwiSaver tips to help you get sorted and make your KiwiSaver money work harder for you.

1. Treat your KiwiSaver investment like a warrant of fitness for your car

Just like you would for your car, an annual check-up on your KiwiSaver investment is important to make sure things are working as they should. KiwiSaver fund types have different investment timelines and risk levels. Your life and needs change over time, so it's important to check you're in the right fund type for your age and stage of life.

2. Start early, contribute regularly

The sooner you start contributing to your KiwiSaver account the more time your investment has to grow. Even small, regular contributions can accumulate significantly over time thanks to the power of compound returns (your investment returns are re-invested, earning more returns).

3. Unlock your free savings boosts

The benefit of KiwiSaver over a regular savings account is that if you're eligible and you contribute regularly, you'll get your employer and annual government contributions. Don’t miss out on this free money towards your financial future.

4. The more you put in, the more you get out

Consider increasing your contribution rate if you can, especially if you receive a pay rise or tax break. You can also make a one-off lump sum contribution if you receive a bonus or inheritance. Small adjustments now can significantly increase your long-term savings.

5. Take advantage of advice

Check your annual statements and retirement projections. If you have questions get some advice. Research has shown that those who seek advice can have around 50%* more in their KiwiSaver accounts than those who aren't advised.

At Aurora advice is all part of our service. We aim to empower more Kiwis to maximise their KiwiSaver investments, helping them to achieve their financial goals. 

Whether you're looking to buy your first home or plan for a comfortable retirement, we're here to support you every step of the way.

#SortedMoneyMonth 

*Money & You: Breaking through the advice barrier. Financial Services Council, December 2020.

DISCLAIMER

^{This information is provided in a general nature only and should not be construed as or relied on as financial advice. This is not a recommendation to invest in a particular financial product or class of financial products. You should seek financial advice specific to your circumstances from a Financial Adviser before making any investment decisions. FundRock NZ Limited is the issuer and manager of the Aurora KiwiSaver Scheme.}

^{Past performance is not a reliable indicator of future performance. The value of your investment may go up and down.}