ACCESSING RETIREMENT SAVINGS

Your retirement savings account is designed to help you boost your standard of living in retirement so your savings are generally locked in – for how long depends on whether you are a customer of the Mercer Super Trust or the Mercer KiwiSaver scheme.

In KiwiSaver your savings are locked in until you qualify for NZ Super.  You’ll be able to access your KiwiSaver funds once you reach the qualifying age for NZ Super, currently age 65, or – if you joined after you turned 60 – once you’ve been a member for 5 years.

If you are a customer of the Mercer Super Trust you will need to check your plan specific details.

NZ Super provides for a basic standard of living in retirement, but chances are it won’t be enough to fund the retirement you want. Your account with  Mercer will help provide a better standard of living in retirement and won’t affect your eligibility for NZ Super or reduce the amount of NZ Super you receive.

To find out how much you're likely to need in retirement check out our retirement planner.