75. How KiwiSaver Works Behind the Scenes

It's No Secret

Send us a Text Message.

In today's podcast episode, we’ll be answering the question of - how does the KiwiSaver joining/transfer process work behind the scenes?
While expectations around banking/financial services these days are instant, unfortunately, the case with KiwiSaver transfers and many other investments isn't.

Whether you're moving to NZ and starting KiwiSaver for the first time, or over 18 and taking control of your account - it pays to understand how and why these processes behind the scenes can take some time
Specifically, we chatted about:

• How do you switch KiwiSaver providers? What happens behind the scenes?
• Which parties are involved in the transfer?
• How long does it take to switch KiwiSaver providers?
• How does this process differ whether you are transferring your balance VS joining KiwiSaver for the first time?

And much more!

If you enjoyed today's show, we'd LOVE for you to rate & review it on Apple Podcasts and share your favourite episode with a friend.
SUBSCRIBE to It's No Secret, wherever you listen to podcasts and never miss an episode: Apple Podcasts - Spotify
Follow us for fun chat & financial tidbits on IG: @itsnosecretnz
Got questions? Get in touch: www.itsnosecret.co.nz

Chapters

1. Understanding KiwiSaver Transfer Process (00:00:00)

2. KiwiSaver Contributions and Transfers (00:13:40)

3. KiwiSaver Contributions and Joining Process (00:17:02)

4. KiwiSaver Withdrawals and Delays (00:28:27)