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The benefits of staying in KiwiSaver after 65

8 May 2024

Turning 65 unlocks a range of options for your savings. Keeping your money in KiwiSaver and continuing to earn returns is one of those options. If you choose to leave some or all of your savings in your KiwiSaver account, here are some ways to nurture your nest egg.

Keep contributing

Did you know you can continue your regular contributions after you’ve turned 65? Depending on your situation, you could even make occasional lump sum contributions to keep building your investment. If you’re still working, your employer isn’t obligated to contribute after 65 – but some will, so it’s a good idea to check.

Access your nest egg when you need it

Once you’ve turned 65, your money is no longer locked in. You can make a withdrawal from your KiwiSaver account whenever you need it, while knowing that the rest of your money is still invested and working hard for you. Tip: if you set up a regular withdrawal, you won’t have to complete a paper application form each time.

Savings throughout retirement

Many savers move their investments into a conversative, lower risk KiwiSaver fund before they retire. If you do decide to stay invested, it’s important to consider your goals and make sure you’ve got your savings invested in a fund (or funds) that is right for your circumstances. After all, you don’t need to invest all your savings in a single conservative fund just because you’ve reached retirement age.

Retirement is a journey, not a destination

Leaving your savings invested in your KiwiSaver account could mean that your money keeps working for you for longer. It’s important to understand your appetite for risk and what your goals are now that you’ve turned 65. One of our free financial advisers can help get the right investment strategy in place to suit your needs. To talk to an ANZ Investment Adviser, please contact us on 0800 269 238.

Important information

ANZ New Zealand Investments Limited ('ANZ Investments') is the issuer and manager of the ANZ KiwiSaver Scheme. Download the guide and product disclosure statement from our documents and forms page or ask at any branch.

ANZ Investments is the issuer and manager of the ANZ Default KiwiSaver Scheme. The scheme is no longer a default scheme and is closed to new members. Important information about the ANZ Default KiwiSaver Scheme is available at Documents and forms and by searching ‘ANZ Default KiwiSaver Scheme’ on the offer register at

ANZ Investments is not an authorised deposit taking institution (ADI) under Australian law and investments in the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (together, the 'schemes') aren’t deposits in or liabilities of ANZ Bank New Zealand Limited, Australia and New Zealand Banking Group Limited, or their subsidiaries (together ‘ANZ Group’). ANZ Group doesn’t stand behind or guarantee ANZ Investments. Investments in the schemes are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group won’t be liable to you for the capital value or performance of your investment.

Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.

This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see Investor information.