Learn what type of KiwiSaver investor you are.

Understanding funds and switching at key stages in your life can add up to tens of thousands of dollars over time. It pays to find out what kind of fund works best for you, and what to look for when comparing your options. The easiest way to choose a Westpac KiwiSaver Scheme fund is to use our Westpac KiwiSaver Scheme Fund Chooser.

TIP: You're not locked into a fund. As your timeframe or circumstances change you can always switch between funds with more or less growth and risk.

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How to choose a Westpac KiwiSaver Scheme fund.

Compare all Westpac KiwiSaver Scheme Funds.

Learn how our seven funds achieve different levels of returns. See what your money is invested in and how this affects the growth of your savings and the ups and downs in your balance. For the definition of some of the terms below, including more information on the target investment mix, check out quick help

We aim to invest each fund in line with the goals of our Sustainable Investment Policy.

Your fund choice.

Our Investor Resources allow you to find out how your fund is performing in several ways:

  • Our monthly fund comparison which provides basic performance data for all our KiwiSaver funds
  • Quarterly fund updates specifically for each fund, providing data on returns, fees and investment mix
  • A broader overview with our annual reports, which provide information about changes to our funds and their membership
  • You can also see a list of exactly which assets each fund is invested in with our Full Portfolio Holding statements.

Remember: The right KiwiSaver fund for you is one that suits your investment timeframe and whether you are ok with seeing the ups and downs. It's important to remember that the KiwiSaver fund that suits you best at one stage in your life may not be the best fit when your circumstances change. First home buyers and those approaching retirement should review their KiwiSaver fund choices at least once each year. Other KiwiSaver members should review their fund choices at least once every two years.

Other instances when you might need to review your fund choice include:

  • Moving overseas
  • Serious financial hardship
  • Being diagnosed with a serious illness.

If you think one of these situations might apply to you, you can give us a call to discuss your options.

Quick help.

Next steps.

Find the best fund for you

Check your current fund still works for your timeframe and circumstances.

Kiwisaver Fund Chooser

Switch funds online

Just log into your Westpac One® online banking account to manage and switch funds.


Other ways to switch funds

Complete the KiwiSaver Switch fund form.

KiwiSaver Switch fund form

Track fund performance

View current and past performance of Westpac KiwiSaver Scheme funds.

Investor document centre

Things you should know.

1 The risk indicator for each fund is calculated based on the volatility of returns over five years ended 31 December 2023, which may not be a full investment cycle. In some cases, the risk indicator might differ if calculated using a longer timeframe. If the relevant 5-year period has had unusually low or high volatility, the risk indicator may provide a less reliable indication of a fund's potential future volatility. The risk indicator shown reflects the most recent fund update, which may be different from the Product Disclosure Statement.  See the Product Disclosure Statement for more information about the risk indicator.

2 As the Default Balanced Fund has not been in existence for a full five years, its risk indicator has been calculated using market index returns as well as actual returns. Market index returns have been used for the period from October 2018 to December 2021. This may also mean that the fund’s risk indicator may provide a less reliable indication of its potential future volatility.

The Westpac KiwiSaver Scheme Fund Chooser, and the advice it produces, are provided by Westpac New Zealand Limited.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is a distributor, of the Westpac KiwiSaver Scheme (Scheme).

The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.

Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.

For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.