Time for KiwiSaver reality check
An ANZ survey found most New Zealanders have lofty goals for their retirement - they want to own their own home, drive recent model cars and travel overseas.
More than a quarter plan to do house renovations in retirement and 41% expect they will buy new appliances. The same number said they had no intention to work past 65.
ANZ general manager funds and insurance Ana-Marie Lockyer said the survey found that 75% of people intended to fund their retirement through KiwiSaver.
“It’s great that so many New Zealanders have put their faith in KiwiSaver but it’s important this isn’t blind faith,” she said.
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