To start with I don't want to use my kiwisaver for a house deposit, I think sacrificing compounding interest is just not worth it.
However it does have the advantage of being hard to pull from. So my thought process is to:
a) make additional contributions to my kiwisaver as opposed to investing elsewhere
b) pull only my additional contributions plus equivalent gains when buying a house
Anyone done anything similar? I'm clued in on investing and savings but I also like spending money... hence the idea.
Is there any downsides to this approach? I can see that pulling only the earned interest from my additional contributions might be a bit difficult to work out over many years.
My next question I suppose is is there ways of investing in funds etc where the returns are hard to pull from that aren't kiwisaver? So if there is a valid reason to pull sooner (moving countries, personal tragedy/illness etc) it would be easier to do so.
If helpful my kiwisaver is with investnow.
Cheers.