KiwiSaver is not Government guaranteed. KiwiSaver is a retirement funding scheme set up and incentivised by the New Zealand Government to get Kiwi’s ahead financially, however, they do not guarantee your KiwiSaver balance. Your KiwiSaver balance is invested with your KiwiSaver provider in a fund of your choice, and is subject to the volatility of that fund (i.e. it goes up or down in value depending on the performance of the underlying assets in your fund). It is important to note that your KiwiSaver provider also does not hold your KiwiSaver balance, rather your KiwiSaver balance is held with an independent licensed supervisor or custodian. This means that if your KiwiSaver provider went bankrupt, your KiwiSaver balance would be safe.
