But my kids don’t work.
How do they grow their balance?
KiwiSaver’s a great way to help you save money for your child’s future. You can contribute money to this account in different ways – just contact the provider of your child’s KiwiSaver account. You may be able to do one-off payments or set up a regular automatic contribution. Balances can also grow through contributions from a part-time job or pocket money, gifts from family members or friends, or birthday money.
Because KiwiSaver is an investment, not just a savings account, you can earn returns on your money. You’ll make money from the money you have in your account, and then make money on that amount too – that’s called compound returns and it speeds up your savings.