Stuff.co.nz – First KiwiSaver ‘sidecar’ scheme to launch
March 6, 2017
KiwiSavers wanting to save more than the minimum needed to get their full employer and government contributions are getting a new option that doesn’t involve locking their money away until they retire.
Low-cost, index-tracking fund provider Simplicity will today start taking registrations of interest for its fund range, which will mirror its KiwiSaver scheme, except that money can be withdrawn at any time.
Simplicity’s launch follows that of Invest Now, an online funds supermarket through which people can start saving alongside of their KiwiSaver.