How Self-Employed Professionals Can Boost Their Retirement Savings.
Practical Steps & Expert Help
Are you a contractor, freelancer, consultant, or sole trader?
You’re not alone—over 420,000 New Zealanders are self-employed. But when it comes to retirement savings, many self-employed professionals are falling behind.
A recent research published by Hnry & the Retirement Commissioner’s office confirms the situation in NZ.
Here’s what you need to know, and how Athena Wealth can help you take control of your financial future.
Why Self-Employed Professionals Save Less for Retirement
Irregular income: Makes regular KiwiSaver contributions tough.
No employer match: You miss out on the extra boost employees get.
Voluntary enrolment: You must opt in, and many don’t.
Preference for liquidity: You may want your money accessible for emergencies.
Recent policy changes: The 2025 Budget reduced government contributions, making saving less attractive.
The Risks of Not Acting
Insufficient retirement funds: You could reach retirement with less than you need.
Greater reliance on government support: This can limit your lifestyle and choices.
Widening wealth gap: Employees are building bigger nest eggs than the self-employed.
Actions You Can Take
1. Automate Your KiwiSaver Contributions
Set up percentage-based contributions: Athena Wealth can help you structure KiwiSaver payments that flex with your income, so you save more when you earn more.
Use accounting platforms: Tools like Hnry, MYOB and Xero to automate tax and KiwiSaver payments
2. Maximise Government Incentives
Get advice on eligibility: Sumita Paul can review your situation to ensure you’re getting the maximum government contribution available.
Plan for policy changes: Stay updated on KiwiSaver rules to help you adjust your strategy.
3. Build an Emergency Buffer
Explore “sidecar” savings: Athena Wealth can help you set up an emergency fund alongside your KiwiSaver, so you’re prepared for income shocks without sacrificing long-term savings.
4. Diversify Your Investments
Beyond KiwiSaver: Sumita Paul can advise on term deposits, shares, and property investments tailored for self-employed professionals.
Asset review: Athena Wealth can help you assess your total wealth, not just KiwiSaver, to ensure you’re on track for retirement.
5. Get Personalised Financial Education
Ready to Take Control?
Don’t leave your retirement to chance. Contact us today for a personalised retirement savings review and practical steps to secure your future.