Resources

KiwiSaver

What is KiwiSaver?

KiwiSaver is a voluntary savings scheme to help set you up for your retirement. Most members will build up their savings through regular contributions from their pay. You can choose to contribute 3%, 4%, 6%, 8% or 10% of your gross (before tax) wage or salary to our KiwiSaver account. Your employer has to contribute as well – at least 3% of your gross salary. Along with KiwiSaver employer contributions, there’s an annual government contribution as well.

KiwiSaver benefit

A 3% contribution from your employer
If you’re contributing to KiwiSaver from your salary or wages, your employer is required to put in a minimum of 3% of your Before Tax Pay (less employer superannuation contribution tax).
Government Contributions of up to $521.43 every year
If you're eligible, for every $1 you put into your KiwiSaver scheme account, the Government will put in 50 cents up to a maximum of $521.43 per year, if you’re 18 or over. This is called a Government Contribution
First home withdrawal
If you’ve never owned a home, and you’ve been a KiwiSaver member for at least three years, you can take out all of the money both you and your employer have put in, as well as all of the investment returns, to help buy your first home.**
Up to $10,000 HomeStart grant
On top of the first home withdrawal, if you’re eligible, you may also receive up to $10,000 as a HomeStart grant from the Government towards your first home.*
* Conditions apply. See here for more information or visit the Housing New Zealand website for conditions.

Your money is held in trust
Whether you are with a big Aussie bank or a New Zealand owned KiwiSaver specialist, the KiwiSaver Act requires your investments to be held by a licensed supervisor and not the scheme provider. This means you can focus on selecting the fund that's right for you knowing your investments are being held and supervised by an independent supervisor.

Choosing a KiwiSaver fund

You can choose the KiwiSaver scheme your savings are invested with
Speak to an adviser
Book appointment