With each of the ANZ-managed KiwiSaver schemes, you have a choice of six funds to invest in. The fund you choose can make a big difference to the amount of money you have when you retire. You can change your fund choice anytime.
You can choose a fund by selecting from one of two options:
Selecting our Lifetimes option
With our Lifetimes option, you don’t need to do anything – your money is automatically invested in a fund that is considered appropriate for an average person of your age.
It’s important to check your Prescribed Investor Rate (PIR) annually to make sure you’re paying the right amount of tax on your KiwiSaver account.
Why is this important?
If you give us a PIR that’s too high, you may pay too much tax and you won’t be able to claim back any overpaid tax.
If you give us a PIR that’s too low, you’ll likely be faced with an unexpected tax bill from Inland Revenue.
We may be notified by Inland Revenue to update your PIR if they believe it is incorrect. We are required to apply this updated PIR. However, you can provide us with a different PIR if you believe it is incorrect.