KiwiSaver is a voluntary work-based savings initiative that makes it easier for you to save for your future.

If you are employed, money is put into KiwiSaver automatically via your employer each time you are paid. You can choose to contribute 3%, 4%, 6%, 8% or 10% of your gross salary or wages to KiwiSaver. A major benefit for you in taking advantage of KiwiSaver is that it is also compulsary for your employer to contribute a minimum of 3% of your gross salary or wages into KiwiSaver if you are between 18 to 65 years of age which compounds the savings you are able to achieve. You may also be eligible to recieve a government contribution at the rate of 25 cents for each dollar you contribute up to a maximum of $260.72 per year which is another advantage.

You can transfer to another KiwiSaver provider and or switch the funds that you are invested in whenever you choose, however we strongly advise that you seek sound investment advice before making any changes.

You can change and alter how much you are contributing into KiwiSaver by changing the contribution percentage with your employer and or choosing to make voluntary contributions if you are self-employed or not working. We can help you work out how much you should be contributing.

Make sure that you are taking advantage of the contribution from the government at the rate of 25 cents to each dollar you contribute up to a maximum of $260.72 per year, which we can also help you with.

You can join KiwiSaver if you are living or normally living in New Zealand and are a New Zealand citizen or are entitled to live in New Zealand indefinately. If you are not yet enrolled we can help you find the right KiwiSaver plan for you.

Enrolment in KiwiSaver will be automatic for all those starting a new job (with some exceptions), and although employees are automatically enrolled they do have the chance to opt out within a certain time frame.

KiwiSaver is designed to be for retirement savings which means that you can’t usually withdraw your savings until you reach your qualifying date which for most members is age 65. If you joined KiwiSaver before 1 July 2019 then your qualifying date is the later of age 65 and 5 years after you first joined. However, if you are 65 or over you can choose to bring your qualifying date forward but you will lose your eligibility for government and employer contributions.

Early withdrawals are permitted in some limited circumstances and with restrictions such as purchase of a new home, significant financial hardship, serious illness, life shortening congenital conditions or permanent emigration.

If you are planning to withdraw money from KiwiSaver or have made a recent withdrawal it is essential to talk to us about any changes that need to be made to ensure that your funds are invested correctly for your situation.