Our Lifetimes option

The Lifetimes option takes the hassle out of choosing a fund to invest in.

What is the Lifetimes option?

With the Lifetimes option, your savings are moved through our funds based on your age (excluding High Growth Fund). As you get close to retirement age, you’ll be invested in lower risk funds (like our Conservative Fund and then our Cash Fund), with the aim of reducing the likelihood of your investment losing value. This means that you are also likely to receive lower returns. 


How does the Lifetimes option work?

Our Lifetimes option is not a separate fund. When you select the Lifetimes option, we’ll move your KiwiSaver savings through different funds based on your age (excluding High Growth Fund).

Until age 35, you’ll be invested in our Growth Fund, where your savings will be invested mostly in growth assets such as equities and listed property.

As you get older and reach the different age ranges, we’ll move your KiwiSaver savings through our other funds.

From age 61, you’ll be invested in our Conservative Fund, where your savings will be invested mostly in income assets such as cash and cash equivalents and fixed interest. From age 65, you’ll be invested in our Cash Fund.

You can switch in or out of the Lifetimes option at any time.


Understanding our Lifetimes option

[Video: Animated illustrations of KiwiSaver account options and people of different ages.] 

Voiceover: If you’ve been thinking about your KiwiSaver savings, then we’ve got good news.

At ANZ Investments, you have two choices on how your KiwiSaver savings are invested with us.

You could select from our funds yourself – a great option if you’ll review your fund choice regularly – or want to use KiwiSaver savings to help buy your first home.

[Text on screen: Seven funds listed from higher risk to lower risk – High Growth, Growth, Balanced Growth, Balanced, Conservative Balanced, Conservative, Cash Fund.]

Voiceover: But if you’re looking for a simpler way to manage your KiwiSaver savings, then our Lifetimes option might be for you.

[Text on screen: Six funds listed from higher risk to lower risk – Growth, Balanced Growth, Balanced, Conservative Balanced, Conservative, Cash Fund.]

Voiceover: With Lifetimes, you don’t choose a fund to invest in, because we do it for you. It works like this. Over time, you’ll move through some of our funds based on your age.

If you're 35 or younger, your savings are invested in our Growth Fund.

[Video: Chart showing level of risk, with cursor close to higher risk.]

Voiceover: This fund aims for high potential returns, and while there’s likely to be large ups and downs in value, you have more time to recover any losses.

As you get older and reach the different age ranges, we’ll move your KiwiSaver savings through some of our other funds.

[Text on screen: Six funds – Growth, Balanced Growth, Balanced, Conservative Balanced, Conservative, Cash Fund.]

Voiceover: Then when you reach age 65, your savings are invested in our Cash Fund. This fund aims for lower but stable returns, with small ups and downs in value.

[Video: Chart showing level of risk, with cursor close to lower risk.]

Voiceover: Lifetimes is designed with the goal of providing more certainty as you get closer to retirement age.

So, why choose Lifetimes? Lifetimes is easy and convenient, plus, it takes the hassle out of managing your KiwiSaver savings. Lifetimes may suit you if you want the convenience of your KiwiSaver savings invested automatically based on your age.

But, if you’re going to put your savings towards buying a first home, Lifetimes isn’t right for you, as it assumes you’re saving for your retirement.

Lifetimes doesn’t take your specific personal circumstances into account, so please consider this before making investment decisions.

You can also switch at any time and select from our funds yourself.

[Text on screen: Seven funds – High Growth, Growth, Balanced Growth, Balanced, Conservative Balanced, Conservative, Cash – with cursor pointing to different funds.]

Voiceover: If you think Lifetimes is right for you, switch online or call 0800 736 034.

[Text on screen: ANZ Investments logo. The Lifetimes option is a feature of the ANZ KiwiSaver Scheme, ANZ Default KiwSaver Scheme, and the OneAnswer KiwiSaver Scheme (together, the schemes). ANZ New Zealand Investments Ltd is the issuer and manager of each of the schemes. Download the guide and product disclosure statement for the ANZ KiwiSaver Scheme or OneAnswer KiwiSaver Scheme. The ANZ Default KiwSaver Scheme is no longer a default scheme and is closed to new members.]

Is the Lifetimes option right for you?

The Lifetimes option is designed around fixed aged ranges. It doesn’t take your personal circumstances – or any other factors such as market conditions – into account, so it might not be right for you.

The Lifetimes option might be too conservative for you. You might be more willing to stay invested in a higher risk fund for longer with the aim of receiving higher returns. Or you may want to invest in a fund with a higher proportion of growth assets in retirement if you are planning to withdraw your KiwiSaver savings at a later age.

Please note: the High Growth Fund isn’t part of the Lifetimes option. If you’re are currently in the Lifetimes option, you can switch out of Lifetimes and choose your own fund or funds at any time. 

The Lifetimes option might also not be right for you if you plan to use some of your KiwiSaver savings to help you buy your first home.

We recommend you seek financial advice from your an ANZ Investment Adviser if you need help deciding whether Lifetimes is right for you.

From overseas: +64 9 356 4000

Changing funds

You can switch to the Lifetimes option or choose a different fund:


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Important information

ANZ New Zealand Investments Limited ('ANZ Investments') is the issuer and manager of the OneAnswer KiwiSaver Scheme. Important information is available under terms and conditions. Download the guide and product disclosure statement.

Our financial advice provider statement has some important information you should know about ANZ and our financial advice services. Please take the time to read it.