Reaching 65 is an important milestone for KiwiSaver. It is when you can usually start accessing your money and deciding how to use it.

Some people prefer to leave most of it invested. Others start drawing on their savings. Many choose a mix of both.

Here are three common ways people use their KiwiSaver:

Leave it invested – If the money is not needed right away, it can remain invested and continue to grow over time.

Set up regular payments – Set up ongoing withdrawals alongside NZ Super or other income. This can provide a steady amount coming in each month.

Take a lump sum – Withdraw money when needed and leave the rest invested. This can work well for one-off costs or larger plans.

You don't have to choose just one approach.  

Some people take a lump sum for a specific purpose, set up regular payments, and leave the rest invested for later.

The right mix will depend on how the savings are expected to be used, what other income is available, and what feels comfortable over time.

Things worth knowing

Withdrawals from KiwiSaver are generally tax-free, so anything that is taken out is yours to keep. 
 
If work continues after 65, contributions can continue too, even while making withdrawals. Government contributions will no longer apply, and employer contributions are not required, although some employers still choose to contribute.

If you joined KiwiSaver later in life, there may be an additional access rule to check first.

What this means for you

How KiwiSaver is used will depend on individual circumstances.
 
Things like other income, how long savings may need to last, and what the next stage looks like all play a part in how KiwiSaver fits in

Every situation is different. If you'd like to talk through your options, our team is here to help. You can drop us an email, call us on 0508 347 437, or chat with us online.