Kiwisaver and Retirement

What is kiwisaver?

• When you get $1000 for being old

• A way to save for your next holiday

• A way to save for retirement in small steps by taking a small percentage of money out of your pay each week

• Someone from NZ who is good at saving

What age can you touch your Kiwisaver?

• 16

• 65

• 21

• 50

Why might some people access their Kiwisaver before they turn 65?

• They need the money for a car

• Nike released some new shoes

• To buy their first house

• The new Iphone came out

What is the highest percentage of your pay can you put into your Kiwisaver?

• 100%

• 10%

• 5%

• 3%

What is the lowest percentage of your pay that you can put into your Kiwisaver?

• 4%

• 10%

• 3%

• 1%

True or False. My employer will also put a small percentage of my pay into my Kiwisaver account

What are the names of the 3 funds you can choose to put your kiwisaver into?

• Low, Medium, High Risk fund

• Good, Maybe, Great Risk

• Minimum, Normal, High Risk

What does it mean when someone is retired?

• They are old

• They have enough money to stop working and can live off it the rest of their lives.

• They hate working

• They want to change jobs

Why should people save for their retirement?

What happens when you turn 65 in New Zealand?

• You can get the pension

• You can touch your kiwisaver

• Both