KiwiSaver
KiwiSaver is a voluntary work-based savings initiative that makes it easier for you to save for your future. KiwiSaver makes it easier to save because money is put into a KiwiSaver scheme from your weekly, fortnightly or monthly pay.
Once you join KiwiSaver your savings are locked-in until you reach the age of eligibility for New Zealand Superannuation (currently 65), or for five years for people who join after age 60.
KiwiSaver benefits:
- An annual Member Tax Credit contribution of 50 cents for every dollar you save, up to a maximum of $521.43 (if eligible)
- Compulsory contributions from your employer (if eligible)
- Help with buying a first home
- Flexibility to respond to changes in your situation
Your employer and Government contributions work with your own contributions to boost your savings. That’s why KiwiSaver may be more effective than a regular savings plan in helping you meet your retirement savings goals.
- Under the age of eligibility for New Zealand Superannuation (currently 65),
- A New Zealand citizen, or entitled to live in New Zealand indefinitely, and
- Living or normally living in New Zealand.
- Enrolment in KiwiSaver will be automatic for all those starting a new job (with some exceptions), although employees automatically enrolled will have the chance to opt out (within a specified timeframe). Other people can choose to opt in to KiwiSaver but can’t then opt out.
Contact us for more information. Email zn.oc1545577676.erus1545577676nig@s1545577676utcat1545577676noc1545577676 or 0800 388 111
* Not all KiwiSaver members will be entitled to receive these benefits and these benefits will change from time to time.
Image courtesy of:
- Image courtesy of Renjith Krishnan/FreeDigitalPhotos.net