Membership options
Fisher Funds KiwiSaver for Employees
If any of your income is subject to PAYE when you join KiwiSaver you are considered to be an employee.
By joining KiwiSaver you'll be able to take advantage of the following incentives:
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A one-off $1,000 kickstart from the Government just for joining KiwiSaver |
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For every $1.00 you contribute the Government will contribute $0.50 up to a maximum of $521 per KiwiSaver year (the equivalent of $10 per week) if you are over 18 |
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If you are employed and aged 18 or over, tax free compulsory employer contributions of 2% |
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First home assistance programs (if eligible) |
Anyone aged 18 or over starting a new job will be automatically enrolled in KiwiSaver (some exceptions apply e.g. casual agricultural workers). The employer deducts KiwiSaver contributions from the employee's first pay and continues unless the employee opts out. After starting a new job, an employee can opt out any time from the end of week two through to the end of week eight and have all contributions refunded.
Existing employees can also join KiwiSaver. To have deductions started, they simply sign up with the KiwiSaver scheme provider of their choice or let their employer know they want to opt in.
Employees have 3 months to select a KiwiSaver provider of their choice otherwise they will be allocated to one of six default providers appointed by the Government.
You can decide to contribute either 2%*, 4% or 8% of your gross income. These amounts are deducted by your employer as part of the PAYE process and paid to IRD who pass onto us. You can also make voluntary payments over and above your regular contributions by contributing directly to Fisher Funds. Download our direct debit form.
* The current government has introduced draft legislation that on 1 April 2013 the minimum employee contribution will increase from 2% to 3% of Salary or Wages.