Kiwisaver in Retirement

[Sgt Pepper]

Has anyone elected to maintain a Kiwisaver account in retirement? If so has it been a useful way to access regular income as a supplement to National Super?

[stoploss]

Has anyone elected to maintain a Kiwisaver account in retirement? If so has it been a useful way to access regular income as a supplement to National Super?

Lots of people do . Trend is for a lot to leave it in until 70+. Thus is twofold , some working till 70. Others use savings they have and let the KiwiSaver grow .
If you think you are going to live to 90 , some leave a good % in a growth fund . The balance might be in a defensive fund and if they need some extra money to top up the pension they set up a monthly withdrawal from that one . Or do a yearly withdrawal and use that across the year .

[Bjauck]

Lots of people do . Trend is for a lot to leave it in until 70+. Thus is twofold , some working till 70. Others use savings they have and let the KiwiSaver grow .
If you think you are going to live to 90 , some leave a good % in a growth fund . The balance might be in a defensive fund and if they need some extra money to top up the pension they set up a monthly withdrawal from that one . Or do a yearly withdrawal and use that across the year .

As a result of the regulation and disclosure requirements with respect to the KiwiSaver scheme, I intend to increase my contributions in the years as I approach 65y. Maturing bonds and maybe other funds will be added. In retirement, withdrawals will then be made as needed to supplement other pension and investment income.

[GTM 3442]

One factor to consider may be the fees for Kiwisaver vs "vanilla" funds.