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Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).
*This case study not only helps illustrate the importance of the annual Government contribution component of your KiwiSaver account, but it also helps highlight how your choices today can affect your KiwiSaver savings in future. Small contributions into your KiwiSaver savings now, will go a long way when it comes time to buying a first home or retiring with a larger nest egg. The figures used in this case study are for illustration only and may not reflect actual returns. The underlying return, tax and inflation assumptions are set by the Government. The calculations have been made using the ASB KiwiSaver calculator on the 29th of March 2022.
**Moana's ASB KiwiSaver Scheme account balance at age 65 could be $131,959. This is made up of $15,353 in annual Government contributions, $70,027 from Moana's own contributions and $46,579 in investment returns.
For this case study, we've assumed that: