The NZ Defence Force KiwiSaver Scheme is a retirement savings scheme designed for members of the New Zealand Defence Force and their families.
last updated on 2023-04-11 16:50:25
The NZ Defence Force KiwiSaver Scheme is a retirement savings scheme designed for members of the New Zealand Defence Force and their families. The scheme is managed by the Government Superannuation Fund Authority (GSFA), a Crown Entity established under the New Zealand Public Finance Act.
The NZ Defence Force KiwiSaver Scheme offers a range of investment options to suit different risk profiles and investment goals. Members can choose from a conservative fund, a balanced fund, and a growth fund, each with varying levels of risk and potential return. The scheme also offers a socially responsible investment fund, which invests in companies with strong environmental, social, and governance (ESG) practices.
One of the unique features of the NZ Defence Force KiwiSaver Scheme is that it offers members the opportunity to make voluntary contributions through their pay. Members can choose to contribute up to 10% of their gross salary or wages, and these contributions are deducted directly from their pay before tax. This can be a convenient way for members to save for retirement without having to actively manage their investments.
The scheme also offers members access to financial education and advice, including seminars, online resources, and one-on-one consultations with financial advisors. This can be particularly useful for members who are new to investing or who need guidance on their retirement savings strategy.
The NZ Defence Force KiwiSaver Scheme has a low fee structure, with fees comparable to other KiwiSaver providers in New Zealand. Members are charged an annual membership fee, an investment management fee, and a performance fee (if applicable). The scheme is also transparent about its fees and performance, publishing regular updates on its website.
Overall, the NZ Defence Force KiwiSaver Scheme is a reputable and well-managed retirement savings scheme designed for members of the New Zealand Defence Force and their families. Its range of investment options, voluntary contribution facility, and access to financial education and advice make it a popular choice among members looking to save for retirement.
Fund performance 5 year
7.81%
Fund type
Aggressive
NZ invested Assets
25.25%
Estimated annual fees
1.06%
Fund performance 5 year
6.7%
Fund type
Aggressive
NZ invested Assets
18.77%
Estimated annual fees
0.98%
Fund performance 5 year
5.63%
Fund type
Growth
NZ invested Assets
15.72%
Estimated annual fees
0.93%
Fund performance 5 year
4.29%
Fund type
Balanced
NZ invested Assets
18.82%
Estimated annual fees
0.84%
Fund performance 5 year
3.16%
Fund type
No data
NZ invested Assets
18.76%
Estimated annual fees
0.76%
Fund performance 5 year
2.22%
Fund type
Conservative
NZ invested Assets
19.1%
Estimated annual fees
0.67%
Fund performance 5 year
1.27%
Fund type
No data
NZ invested Assets
0.00
Estimated annual fees
0.45%
