New survey finds Kiwis are not planning for retirement

In 2018-19, the Commission for Financial Capability (a govt agency) undertook a survey of 15,519 adult New Zealanders on their financial behaviours, attitudes and experiences. In August 2020 they published a report of their findings. It made poor reading with:

  • 65% of respondents stating that they did not think much or at all about how much money they would need for retirement,
  • 61% of people thinking that NZ Super and/or Kiwisaver would be their main source of income during retirement,
  • although 75% of employed people had Kiwisaver only 73% of that number knew what type of fund they were in, and
  • only 53% of respondents were able to save a portion of their income.

At Castle Trust we think “Informed clients make better decisions”. Choosing the right Kiwisaver is essential otherwise you’re just losing money. Getting organised with finances and having a plan makes saving easier. The sooner you start, the easier it is.


Your better financial future starts here

Your better financial future starts with a conversation with one of our financial experts. We offer 30 minutes free consultations to help give you peace of mind that we can help you where you need it most.
Book now


Richmond office: 278 Queen Street, Next to the Library
Phone: 03 544 1428
Motueka office: 217 High Street, Opposite Elevations
Phone: 03 528 4184
Castle Trust Financial Planning logo white

© 2024 Castle Trust Financial planning. All Rights Reserved. Disclosure information. Privacy Statement.

chevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram