What is Smart Steps?
Smart Steps automatically adjusts your investment mix each year.
Smart Steps automatically changes how your KiwiSaver account is invested as you get older, so you don't need to switch funds yourself.
How Smart Steps works
Smart Steps automatically adjusts the mix of investments in your KiwiSaver account each year, based on your age.
When retirement is further away, more is invested in shares, which tend to have bigger ups and downs but greater potential for long-term growth.
As you get closer to retirement, the mix gradually shifts towards bonds and other more income-focused investments, helping reduce the impact of market movements as you get closer to using your savings.
Smart Steps continues changing your investment mix through retirement, recognising that you may keep some of your KiwiSaver balance invested and withdraw it gradually over time.
The ages below are examples showing how the investment mix changes at different stages.
Explore Smart Steps by age