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KiwiSaver Average Balance Hits $40,000 as Membership and Contributions Grow

09 Sep 2026 | 1 hour ago | 14 views

The average KiwiSaver balance has surpassed $40,000 for the first time, with total investments reaching $138.8 billion and strong growth in member contributions and new enrollments. Increased competition in the KiwiSaver market is evident, with 460,000 fund switches and $7.4 billion moved between providers last year, encouraging members to review and choose better options. Additionally, the government introduced a bill allowing workers in service tenancies to use KiwiSaver for home purchases, supporting first-home buyers and enhancing savings accessibility.

Tags: KiwiSaver Cameron Brewer Financial Markets Authority New Zealand Commerce and Consumer Affairs KiwiSaver Annual Report Government property ladder KiwiSaver (First Home or Farm) Amendment Bill first homes