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Cash Fund.
You’re looking to invest for one year or less or for the lowest possible risk of your savings going down. To achieve this, you’ll be aiming for stable returns.
Features.
Past performance.
| Fund name |
1 Year | 3 Years | 5 Years | 10 Years |
| Westpac KiwiSaver Scheme Cash Fund | 6.06% | 4.15% | 2.83% | 2.67% |
Past performance is not a reliable indication of future performance2.
What this fund invests in.
Our funds invest in the same assets, just in different ratios. This means each fund will have a different level of risk and return, so you can find a fund that best suits you and your KiwiSaver goals. Our Westpac KiwiSaver Scheme Cash Fund is made up of:
100% Income assets
- Cash and cash equivalents. They are a lower risk option for investors but typically have smaller or more stable returns.
0% Growth assets
- Equities or shares and listed property. They are a higher risk option for investors but have the potential to generate greater returns.
If you invest in this fund, you’ll be looking to invest for one year or less, or the lowest possible risk of your savings going down. There will be smaller ups and downs in your balance than say a conservative or moderate fund, but your returns will likely be lower over the long-term.
Target asset allocation
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100% Income Assets |
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100% Cash and cash equivalents |
If you're comfortable with some ups and downs in your balance though and don’t need your KiwiSaver balance for a little longer, you could look at another Westpac KiwiSaver Scheme Fund which invests in some growth assets. Or get your fund recommendation by using our Westpac KiwiSaver Scheme Fund Chooser.
What we don't invest in.
Our exclusions are one of the four guiding pillars to our sustainable investment approach. Our policy is to exclude:
 |
Minimum social safeguards | Companies and other issuers in breach of human rights, labour protection and environmental principles in line with the UN Global Compact4. |
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Controversial and other weapons | Companies involved in the manufacturing of controversial weapons, or the provision of components or services that are considered tailor-made and/or essential for the lethal use of the weapon. Companies that derive any revenue from manufacturing and selling assault weapons to civilians. |
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Fossil fuels | Companies that have their primary business activity in the oil and gas drilling, oil and gas equipment and services, integrated oil and gas, oil and gas exploration and production5 or where more than 10% of its revenue is derived from oil and gas exploration, production, or refining (including Arctic exploration, oil sands extraction, and shale energy exploration, extraction and/or production). |
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Coal mining and production | Companies that have their primary business activity in the coal and consumable fuels subindustries5 or which derive more than 10% of its revenue from the extraction of thermal coal6. |
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Coal electricity generation | Companies that derive more than 50% of their revenue from generating electricity from thermal coal. |
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Whale meat | Companies that derive any revenue from the processing of whale meat. |
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Tobacco | Companies deriving any revenue from the manufacture of tobacco products or companies that distribute their own label tobacco products. |
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Predatory lending | Companies that derive any revenue from predatory lending practices7. |
Read more about the investment exclusions above, our other exclusions and our sustainable investment approach as one of New Zealand’s Responsible Investment Leaders, recognised by the Responsible Investment Association Australasia (RIAA)8 in 2022, 2023 and again in 2024.
Join or transfer.
To get started, you'll need to be a New Zealand citizen or permanent resident living or normally living in New Zealand and have your IRD number. Find this easily through Inland Revenue or on your payslip.
Westpac customer with digital banking
Login to Westpac One® digital banking to apply to join the Westpac KiwiSaver Scheme. If you’re under 18, you’ll need to download the form below or contact us.
New to Westpac or don't have digital banking
Download and complete the form at the end of the Product Disclosure Statement. Then return it to us with any supporting documents by mail or drop it into any Westpac branch.
Talk to a KiwiSaver Specialist
Simply call us weekdays between 8.30am and 5pm on NZ: 0508 972 254. If calling from overseas: +64 9 375 9978 (international toll charges apply).
Things you should know.
1 Fee The annual fund charge is based on the balance you have invested in a fund.
2 Return After deducting the annual fund charges but before tax to 30 September 2024. Returns for periods longer than one year have been calculated on an average annual return basis. Past performance is not a reliable indication of future performance Future returns for any fund will vary and may be negative at times, which means your balance can be less than what you invested.
3 Risk Indicates how much the relevant Westpac KiwiSaver Scheme fund might go up and down in value (i.e. amount of volatility). With more risk comes the potential for greater returns over time. Find out more about how the risk indictor is calculated in the Product Disclosure Statement for the Westpac KiwiSaver Scheme.
4 When determining not to invest in a company breaching these principles, we assess the data from our ESG research provider(s), the underlying investment manager’s views and the effectiveness of their stewardship strategies with the company. We may choose to take additional time to divest while we review these factors.
5 As determined by the Global Industry Classification Standard (GICS).
6 For the avoidance of doubt, this exclusion does not apply to the extraction of coking coal, which is used in steel production.
7 Predatory lending refers to unfair, deceptive or fraudulent lending practices during the loan origination process.
8 The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold a Financial Advice Provider licence.
The material on this website is provided for general purposes only and is not a recommendation or opinion in relation to the Westpac KiwiSaver Scheme. You should not rely solely on the information on this website.
BT Funds Management (NZ) Limited is the scheme issuer 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.