If you’ve moved to Australia from New Zealand, or you’re considering heading across the ditch, you might be wondering what to do with your KiwiSaver balance. Should you bring it with you?

If you’re planning to be in Australia for some time, you’ll also be working and earning a salary here that includes super. So, it could make sense to have your New Zealand retirement savings and any new super savings in the same place.

But which Australian super fund should you choose? Along with fees, insurance, and customer service, one of the main things people consider when choosing a fund is investment performance. And funds have recently reported on their financial year results.

First Super was one of the best performers for 2022

First Super delivered a positive return for its Balanced investment option for the 2021/22 financial year, making us one of the top performing funds.

(A ‘Balanced’ or ‘MySuper’ option is an option offered by most funds. Most members pick or are defaulted into this option, making it easy to compare performance.)

In a year of globally tough investment markets, our 1.00% performance set us apart.

We achieved this through a combination of defensively positioning our international and domestic shares and bonds while maximising strong contributions from other assets such as private equity, infrastructure, and cash.

Of course, it’s important to remember that super is a long-term investment. It’s about steady, consistent performance over time. Over 10 years to 30 June 2022, First Super’s Balanced has returned an average of 8.23% for members.

Read the full investment report or watch the video update.

All your money in one place

With First Super, your KiwiSaver can come across and join you in Australia. There are no fees charged for this service. To find out more and bring your balance over today, visit First Super.

Transfer Your KiwiSaver With First Super

First Super has helped many New Zealanders transfer their KiwiSaver across to Australia so they can enjoy:

  • Consistent, strong investment performance
  • Competitive fees, value for money
  • Profit-to-members industry fund – they hey put their members first
  • Access to financial planners and financial advice that’s in your best interests, no strings attached
  • Education and support whatever your stage of life
  • Cost effective Death and TPD insurance cover should anything happen to you
  • Dedicated member services team and live chat
  • No KiwiSaver transfer fees or exit fees.

Issued by First Super Pty Limited (ABN 42 053 498 472, AFSL 223988) as Trustee of First Super (ABN 56 286 625 181).

Past returns are not an indicator of future returns.

This document contains general advice which has been prepared without taking into account your objectives, financial situation or needs. You should consider whether the advice is appropriate for you and read the Product Disclosure Statement before making any investment decisions. To obtain a copy of the PDS or Target Market Determination please contact First Super on 1300 360 988 or visit our website at firstsuper.com.au/pds.

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