KiwiSaver is an easy and affordable way to save for retirement. Most of us can benefit from joining KiwiSaver, if we haven’t already. Here’s how KiwiSaver works and what the main features are.

KiwiSaver is a voluntary savings scheme set up by the government to help New Zealanders to save for their retirement. You can choose to contribute 3%, 4% or 8% 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 KiwiSaver government contribution. Your funds are invested on your behalf by the KiwiSaver provider of your choice. If you don’t choose a provider Inland Revenue will assign you to one of the nine default KiwiSaver schemes.

A New Zealand citizen, or entitled to live in New Zealand indefinitely. Living or normally living in New Zealand. Under the age of eligibility for NZ Super (which is currently 65 years)

How much do you know about KIWISAVER?

Ready to speak to an adviser?

If you would like to know more about KiwiSaver we can put you in touch with an adviser who can explain the different options available.