To join KiwiSaver you must be a New Zealand citizen or entitled to live in New Zealand indefinitely and living or normally living in New Zealand. You must also be under 65 years old.
For more information about KiwiSaver, its benefits and eligibility criteria, go to kiwisaver.govt.nz
Members who are employees will contribute at either the minimum contribution rate (currently 3%), or at a rate of 4% or 8% of their salary or wages. If you’re self-employed you can choose how much and how often you contribute.
Once you’ve been a member of KiwiSaver for 12 months, you can apply to Inland Revenue to go on a contributions holiday. While you’re on a contributions holiday you won’t be entitled to the compulsory employer contribution.
Your KiwiSaver savings will generally be locked in until:
There are some circumstances where you can apply to withdraw some or all of your investment early. You can read more about them on the KiwiSaver website.
Kiwibank distributes the Kiwi Wealth KiwiSaver Scheme. They have an experienced investment team who put you first – no big punts, no chasing fads. Join or transfer to the Kiwi Wealth KiwiSaver Scheme now
Government contributions and rates are current as at 1 April 2014 and are subject to change at any time.
Download the Product Disclosure Statement for the Kiwi Wealth KiwiSaver Scheme (PDF 650.1 kB) or pick up a copy from your local Kiwibank.
Kiwi Wealth Limited is the Issuer and Manager of the Kiwi Wealth KiwiSaver Scheme (the Scheme) and is a related company of Kiwibank Limited. Kiwibank is a distributor but is not an issuer of the Scheme. Investments made in the Scheme do not represent bank deposits or other liabilities of Kiwibank and neither they nor any other person guarantees the repayment of members’ interests in the Scheme or the payment of any earnings or returns on investment in the Scheme. Investments in the Scheme are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances and loss of investment value.