Tools

Feijoa: round up your spare change into your KiwiSaver

A jar of coins - spare change building up a KiwiSaver balance

I wanted to share a new app that can help you build up your KiwiSaver even faster. It's called Feijoa. Here's a quick 30-second look at how it works:

Feijoa rounds up your everyday purchases to the nearest dollar and puts the difference straight into your KiwiSaver account. Buy a coffee for $4.60, and the 40 cents heads into your KiwiSaver. On their own those round-ups feel like nothing. Added up across a year of everyday spending, they quietly build.

You stay in control

You choose the round-up amount, so you're in control, and you can pause it any time. It's designed to sit in the background and do the saving for you, without asking you to change how you spend.

It works alongside your existing KiwiSaver

This is the part I like most. Feijoa works alongside your existing KiwiSaver account, so there's nothing to switch or set up with your provider. It sits alongside the advice we already work through together, rather than replacing any of it. Your fund, your provider and your plan all stay exactly as they are.

Top up your partner's, your kids', or anyone's KiwiSaver

You can also set it up to pay into not just your own KiwiSaver, but your partner's, your children's, or anybody else's. If you've been meaning to get some money moving into a child's KiwiSaver, this is an easy, automatic way to do it.

Especially handy if you're self-employed

If you're self-employed and don't have KiwiSaver contributions taken out automatically the way employees do, this really automates the process. Instead of relying on yourself to remember a lump sum, the round-ups move small amounts across as you spend, so you're contributing without having to think about it.

A $5 head start with code SOLID

If you sign up with the referral code SOLID, you'll also earn a $5 KiwiSaver contribution once you've been using the app for 30 days, just for getting started. Enter the code when you sign up.

Download Feijoa and enter code SOLID when you sign up, or get in touch and I'm happy to talk it through.

Visit Feijoa

Feijoa is a separate app run by a third party, not a Solid Steele product. Please read Feijoa's own terms and check how the round-ups fit your budget before you sign up.

Frequently asked questions

What is Feijoa?

Feijoa is a New Zealand app that rounds up your everyday purchases to the nearest dollar and puts the difference into your KiwiSaver account. You choose the round-up amount, and you can pause it any time. It works alongside your existing KiwiSaver, so there's nothing to switch or set up with your provider.

Do I have to change KiwiSaver providers to use Feijoa?

No. Feijoa works alongside your existing KiwiSaver account. There's nothing to switch or set up with your current provider, and it sits alongside the advice we already work through together.

Can I use Feijoa to top up someone else's KiwiSaver?

Yes. You can set Feijoa up to pay into not just your own KiwiSaver, but your partner's, your children's, or anybody else's. It's a simple way to help build up a family member's balance over time.

Is Feijoa good for self-employed people?

It can be. If you're self-employed and don't have KiwiSaver contributions taken out automatically the way employees do, Feijoa automates the process by moving small amounts across from your everyday spending, so you contribute without having to remember to.

What does the referral code SOLID do?

If you sign up with the referral code SOLID, you'll earn a $5 KiwiSaver contribution once you've been using the app for 30 days, just for getting started. Enter the code when you sign up.

Not sure whether Feijoa, your fund or your contribution rate is the right lever to pull? That's exactly what a free session is for. No obligation, online anywhere in NZ or in person across Canterbury.

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