What happens when you turn 65?

Turning 65 opens up new options for your KiwiSaver account.

Where will your retirement income come from?

When you retire, your income can come from three sources.


Choose the right fund for your retirement timeframe

The amount of time you have until you retire can have an influence on which of our funds you choose to invest in.

If you’re not planning to retire for at least a few years, you may want to consider a fund with a higher level of risk and potential reward. This is because you have more time for the ‘ups and downs’ that can happen with higher-risk funds to even out.

If you’re close to retirement, you may want to consider a lower risk fund which is more stable, giving you more certainty about how much money you’ll have when you retire.

The table below shows the minimum recommended investment timeframes for each of the funds in the ANZ-managed KiwiSaver schemes.


Minimum recommended investment timeframe

Growth Fund

7 years

Balanced Growth Fund

6 years

Balanced Fund

5 years

Conservative Balanced Fund

5 years

Conservative Fund

4 years

Cash Fund

No minimum

Are you in our Lifetimes option?

Depending on your retirement timeframe, you may want to check whether the Lifetimes option is still right for you.

Your KiwiSaver options when you turn 65

You can usually begin withdrawing your KiwiSaver savings once you turn 65 – but you don’t have to.

It’s important to consider how you’ll use your KiwiSaver savings to meet your financial needs throughout your retirement – especially as Kiwis are working and living longer. That’s why KiwiSaver has a range of options, depending on your situation.



Are you on track for your retirement?

Use our easy online calculator to find out:

  • How much you may have when you retire.
  • How much you’ll need for the retirement lifestyle you want.
  • What you can do if there’s a gap.

Free financial advice

If you need help choosing the right investment option for you, talk to one of our financial advisers. They can provide free advice tailored to your individual situation.

From overseas: +64 9 356 4000

(0800 ANZ ADVICE)

If you wish to speak to an external financial adviser, call 0800 736 034 and we’ll put you in touch with one.

Important information

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

This material is for information purposes only. We recommend seeking financial advice about your situation and goals. 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 anz.co.nz/fapdisclosure