Quote Originally Posted by Bjauck View Post
Kiwisaver is the poor person's retirement scheme with few crumbs of enticement. Even then it can be used as a boost for raising a deposit to try to get into NZ's richer person's pension scheme (residential real estate). Certainly For those that can afford it, the scheme with historically less tax per $ return (income plus capital) is leveraged residential housing - owner-occupied housing followed by investor housing.
Kiwisaver would be a far better retirement saver IF the default was for growth & not these so called low risk funds. Low risk for serial underperforming more like it with 20-100% held in interest bearing funds. They so underperform by 5-10% compounding yearly its NOT funny.