Thousands missing out on $235,000

06 November 2020

Written by NZ Herald

Lack of knowledge of KiwiSaver is costing thousands of Kiwis huge amounts.

 

It seems a compelling argument – make an extra $235,000 in your lifetime – and yet 700,000 New Zealanders are ignoring it.

Rupert Carlyon, founder and managing director of digital KiwiSaver advisers and investors kōura, says the problem is even more widespread than that – quoting kōura research which shows that 53 per cent of KiwiSaver members (about 1.5 million people) are in the wrong funds, potentially costing them hundreds of thousands of dollars.

 

Read the full article here

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