- Superannuation (retirement) savings scheme.
- Workplace based. Deducted from your wages/salary.
- New employees automatically enrolled (unless they opt out).
- Existing employees can opt in.
- Portable from one employer to another.
- Private sector Fund Managers.
- Contributions 3% (default minimum) with the option to contribute 4% or 8%.
- Additional lump sum and regular contributions possible.
- Self employed and non employed can contribute directly to a provider.
- Members funds are locked in until the age of eligibility for NZ Super (currently 65)
- Funds invested in KiwiSaver are not government guaranteed.
- KiwiSaver gives you the opportunity to enhance your retirement income.
- Low fees.
- Eligibility for the Member Tax Credit. Up to $521 per year credited to your KiwiSaver account.
- Possibly being able to combine your KiwiSaver with the Housing NZ First Home Buyers Grant.
- Employer contributions. Your employer will contribute an additional 3% of your gross earnings .
- When you start with a new employer you will be automatically enrolled in KiwiSaver.
- If you do not want to be a member you must opt out within 8 weeks.
- or after one year you can apply to take a Contributions Holiday.
- You can choose to opt in with your current employer.
- You should get professional advice on which provider to choose.
- You should get professional advice on which investment product to choose.
- If you do not make a choice you will automatically be allocated a provider and product.
- We can provide the professional advice that you will need to make the correct decision for your individual circumstances.
For advice and assistance:Contact Us
- KiwiSaver gives you the opportunity to enhance your retirement income.
- You should get professional advice on whether KiwiSaver is right for you.
- You must choose to opt in by contracting with a KiwiSaver provider.
- We can assist you to select a provider.
- Low fees.
- Significant government incentives. Up to $521 per year credited to your KiwiSaver account (dependent on how much you contribute).
- No fixed contribution rate.
- 3 years after you begin contributing you may qualify for the 1st Homebuyer Grant. Up to $10,000 towards your deposit.
- We can provide the professional advice that you will need to make the correct decision for your individual circumstances.
For advice and assistance:Contact Us
- You are able to join KiwiSaver by contracting directly with a KiwiSaver provider.
- Your contribution rate will be agreed with the scheme provider.
- Significant government incentives. Up to $521 per year credited to your KiwiSaver account (dependent on how much you contribute).
- 3 years after you begin contributing you may qualify for the 1st Homebuyer Grant. Up to $10,000 towards your deposit
For advice and assistance: Contact Us
You can join KiwiSaver.
You can receive the Tax Credit of up to $521 per year effective 1 July 2011 depending on your contributions.
Your funds will be locked in for 5 years.
If you cease working you can continue to contribute directly to your Scheme Provider or after one year, take a holiday from contributing.
We can provide the professional advice that you will need to make the correct decision for your individual circumstances.
For advice and assistance:Contact Us
- You will have an opportunity to enhance staff retention and be seen as employer of choice by providing different remuneration options that could save employees tax.
- From 1 July 2007 all employers will be required to automatically enrol all new staff in KiwiSaver. (Exemption from this rule is possible if you offer an approved alternative).
- All employers will be required to enrol any existing employees that opt in to KiwiSaver.
- You will be required to give every new employee, and any existing employees that opt in, an information pack about KiwiSaver.
- You will be required to notify IRD of all new employees.
- You will be required to deduct the contributions from your new employee’s first and subsequent pays and forward them to IRD.
- You will be required to keep a record of all contributions.
- From 1st April 2009 you will be required to contribute 3% of each contributing employees gross salary.
- Employees will require financial advice that you may not be qualified to give them.
- You can choose the default provider for your employees. You should get professional advice before making this decision.
- We can provide professional advice and assistance to you and your staff.