What is KiwiSaver?
What is KiwiSaver?
KiwiSaver is a voluntary, work-based savings scheme for New Zealand residents aged up to 65, aimed at helping you provide for your long-term retirement saving.
By joining KiwiSaver you’ll be able to take advantage of the compelling range of benefits on offer:
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A one-off $1,000 kickstart from the Government just for joining KiwiSaver |
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For every $1 you contribute the Government will contribute $0.50 up to a maximum of $521.43 per KiwiSaver year (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) - see here for more details |
Who can join KiwiSaver?
To join KiwiSaver you must be: living or normally living in New Zealand and be a New Zealand citizen or have an entitlement to live here permanently. You must also be aged below 65.
Anyone under 65 can join whether you are working or not including kids. Participation is not compulsory.
Who looks after my KiwiSaver?
One of the great things about KiwiSaver is that you can choose your own KiwiSaver scheme however you can only have one KiwiSaver scheme at any time.
There are a range of KiwiSaver providers you can choose from.
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Join Fisher Funds KiwiSaver now |
When can you access your KiwiSaver?
Your KiwiSaver funds are locked-in until you reach the age of eligibility for New Zealand Superannuation (currently 65) or completing 5 years’ membership if later. There are exceptions – early withdrawals may be permitted for first home purchase, significant financial hardship, serious illness, death, or permanent emigration (terms and conditions apply).
