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 36, 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
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 an ANZ Investment Adviser if you need help deciding whether the Lifetimes option is right for you.
Apply to join the ANZ KiwiSaver Scheme
Before applying, read the guide and product disclosure statement. Find them on KiwiSaver documents and forms.
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 ANZ KiwiSaver Scheme, the OneAnswer KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (no longer a default scheme and closed to new members). For the scheme guides and product disclosure statements see KiwiSaver documents and forms or ask at any ANZ branch.
This material is for information purposes only. Please talk to us if you need financial advice about your situation and goals or about our products and services. See our Financial advice provider disclosure statement (PDF 39.9KB).