This article was published on 14 June 2021. Some information may be out of date.

KiwiSaver for non-employees of all ages — plus new research on KiwiSaver fund switching during Covid downturn

Switching funds: Young switched more, and members of bank schemes


  • Aged 18 to 65: $1,042 BEFORE June 30; rules for first year and turning 18 or 65; best to drip feed.
  • Over 65: Good place for retirement savings; problems withdrawing money?
  • Under 18: savings habit and learning about investing; aim at first home ownership

No paywalls or ads — just generous people like you. All Kiwis deserve accurate, unbiased financial guidance. So let’s keep it free. Can you help? Every bit makes a difference.

Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.