Why should I join KiwiSaver?
Contributions from the government
Government contributions (formerly known as Member Tax Credits) can be up to $521.43 per year. For the full amount, you need to be 18 or over and under the Qualifying Age (currently 65), contribute $20 per week (or at least $1,040 per year), and meet other requirements.
Contributions by employers
Employed Kiwis: Along with your contributions, your employer generally contributes 3% (less tax) of your pay directly into KiwiSaver.
Self-employed or unemployed New Zealanders
You will need to decide how much you want to contribute. You may qualify for the government contribution if you contribute about $20 a week (or $1,040 a year).
Contributions by employees
If you're employed, KiwiSaver contributions will be deducted from your pay. Contribution rates are 3%, 4%, 6%, 8% or 10%.
First home buyer’s support
KiwiSaver funds may be withdrawn for the purpose of buying a first home if you qualify. To help you with your purchase, you may also qualify for a one-off payment from the government.
When you're an employee, you can pause your KiwiSaver savings by applying for a 'savings suspension'. You can usually suspend your savings after one year. Savings suspensions can last up to 12 months, and you can suspend them as many times as you like.