Lifetimes option

The idea behind it

If you're young, you have a reasonably long time until retirement age. You can invest in riskier assets in the hope of receiving higher returns, and the good years should more than balance out the bad years.

This changes as you approach retirement when you're better to accept lower returns but take less risk (because you have a shorter time until retirement and less time to recover any losses).

Where your savings go

When you're young, your savings are invested mostly in growth assets (such as equities and listed property). As you get older, your savings move more into income assets (such as cash and cash equivalents and fixed interest).

The Lifetimes option might not be right for everyone

Our Lifetimes option doesn't take your personal circumstances into account, and so it might not be right for you. For example, you might have a different appetite for risk than the average person of your age or you might want to use some of your KiwiSaver savings to help buy your first home.

We recommend you seek personalised financial advice from a financial adviser. Call us on 0800 269 238 to speak with an ANZ Financial Adviser.

Choosing our Lifetimes option can make a big difference

Anisha is 25 years old and earns $35,000 a year (before tax). She wants a KiwiSaver option that will move her from fund to fund as she gets older.

Under our Lifetimes option, her KiwiSaver savings will be invested in a fund that has an appropriate risk/return profile for her age. Even if Anisha only contributes the minimum of 3% from her pay, by the time she's 65 she could be around $87,000 better off in our Lifetimes option than in our Conservative Fund (this is around $39,000 better off when adjusted for inflation).

For background information and numbers used in this case study, see About our case studies.


 ANZKS Lifetimes Case Study Image 2019




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