What KiwiSaver Actually Needs to Change, According to an Adviser

Five minutes could be enough to add hundreds of thousands of dollars more to your KiwiSaver.There are simple, low-hanging fruit changes that can mean serious money landing in your account - but simple changes cut both ways. There are costly traps to avoid, and easy tweaks to your settings that can make a massive difference to your balance over time.This week on Ask the Experts, Katie Wesney from EnableMe joins Frances Cook to answer your KiwiSaver questions, from splitting funds to self-employed strategies and tax checks.In this episode we’re talking:Why you don't have to be all-or-nothing: how splitting across multiple funds protects your money and matches your personal timelineWhy getting caught up in scary economic news headlines hurts your long-term growthThe three questions you must ask yourself before choosing or switching a KiwiSaver fundWhy waiting for "perfect market timing" to switch providers is a trapSmart KiwiSaver and retirement strategies for self-employed people who don't get employer contributionsThe 3-letter tax setting (PIR) you need to check today so you don't accidentally overpay taxBig policy changes that could make KiwiSaver fairer for everyday New ZealandersIf you have a letter you’d like us to answer, please send it through to ask@francescook.co.nz and you might feature on our next episode!Follow me everywhere!Facebook / https://www.facebook.com/FrancesCookNZInstagram / https://www.instagram.com/francescooknzTikTok / https://www.tiktok.com/@francescooknzJoin the Money Memo newsletter for a free weekly money tip in your inbox each week https://www.francescook.co.nz/subscribeBecome a confident sharemarket investor by signing up to the Market Memo newsletter https://www.francescook.co.nz/invest#MakingCents #FrancesCook #MakingCentsPodcast #InvestingPodcast #MoneyPodcast #FinancialFreedomProduction and video editing by Lana ByrneAudio engineering by Tash ChittockFilmed by Fanaticals