Is 40 too late for KiwiSaver? No. But it is late enough to stop putting it off. Many Kiwis miss years during OE, contract work, or tight family budgets. You can still move the dial.
What is the easiest win?
Government member tax credits on voluntary contributions. Topping up to the annual cap is one of the best returns you will find — because the government adds money too.
How do employer contributions help?
At 40, you have fewer years for compounding — but 3% from your boss plus 3% from you still adds up. When job hunting, treat KiwiSaver as part of your pay packet.
Which fund should you pick?
- 10+ years to retirement: growth or balanced growth for many people.
- Buying a home soon: steadier fund — less chance of a drop before withdrawal.
- Always check fees: 0.5% less per year is thousands over time.
How do you make catch-up stick?
Auto-increase after every pay rise. Small, regular beats one big promise you forget in February.
