Your estimated balance at purchase date

• This calculator assumes you are between the age of 18 and 65, have been a member of KiwiSaver for at least 3 years before your purchase date and that your purchase date is before your 65th birthday.
• Your estimated account balance at purchase date is presented by default in today's dollars (inflation adjusted) and is based on the level of contributions you enter. It assumes you save continuously on this basis until your selected first home purchase date, your investment strategy does not change and you do not make any withdrawals.  $1,000 has been deducted from your estimated account balance at purchase date.
• KiwiSaver savings that originate from an Australian complying superannuation scheme cannot be withdrawn to purchase a first home. This amount should be deducted from your estimated balance at purchase date.
• We have also made an allowance for wage/salary increases (if applicable) of 3.5% per annum over time.
• For example, if you spend $1,000 now, in 10 years' time, you would need $1,220 to buy the same thing (assuming 2% inflation).
• Note - you can choose to show this in future dollars as well.

Inflation

• The results shown by default are in today's dollars (inflation adjusted by 2% per annum as prescribed in the regulations relating to KiwiSaver retirement projection calculations, and midpoint of the Government's long term range for inflation of between 1% and 3%). This means that the actual dollar amounts that you contribute or receive in the future are likely to be more than the figures shown, but the figures shown should have similar buying power as today.
• For example, if you spend $1,000 now, in 10 years' time, you would need $1,220 to buy the same thing (assuming 2% inflation).
• Note - you can choose to show this in future dollars as well.

Contributions

• If you select that you are employed, your salary increases by 3.5% per annum until your purchase date.
• If you select that you are employed, the calculator will apply employer's superannuation contribution tax (ESCT) on employer contributions until your purchase date.
• All contributions continue until your selected purchase date.
• The calculator assumes you are 18 or over and entitled to receive Government contributions of 50c for each dollar you contribute, up to a maximum of $521.43 a year (from 1 July to 30 June).

Lump sum at purchase date

• If you include a lump sum at purchase date in the calculator, the calculator assumes this amount will be available at your purchase date

Returns

• The following nominal rates of returns per annum (after fees and taxes) are used for the projections.
  
  

  Investment strategy	Rate of return
  Conservative	2.5%
  Balanced	3.5%
  Growth	4.5%

  
  The investment strategies above have suggested minimum timeframes. If you have less than 5 years to go until you intend to purchase your property the calculator assumes that you will be invested in the Conservative strategy and defaults to the conservative rate of return. If you have 5 years to go it defaults to the balanced rate of return, and if you have 7 years or more it defaults to the growth rate of return. You can choose a different investment strategy if you believe another strategy is more suited to your situation.
  

Rounding

• For simplicity, Swedish rounding has been used (numbers have been rounded up or down to the nearest dollar).