​​For an obligation-free KiwiSaver assessment complete this online form.

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KiwiSaver is primarily designed to provide you with a source of income when you retire (around age 65). This means that you will have more financial security in your later years, in addition to any government pension (New Zealand Superannuation).

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One of the major advantages of KiwiSaver is that you can also use your savings for a first home purchase if you meet certain criteria. If you've been in the scheme for at least three years, you may be able to withdraw most of your funds (except the government contributions) to help with your first home deposit.

 

Government contribution

 

The government matches your KiwiSaver contributions up to a certain limit. For every dollar you contribute (as long as you meet the minimum contribution requirement. The maximum Government contribution is $521.43 per year, if you contribute at least $1,042.86 annually.

 

Employer contributions

 

Your employer is required to contribute to your KiwiSaver account as well. Typically, this is 3% of your gross income. This is essentially free money for your retirement or house deposit, and a key reason for joining KiwiSaver.

Employer contributions are also tax-free, meaning you don't pay tax on what your employer adds to your account.

 

Wide investment options

 

KiwiSaver offers a variety of investment funds, ranging from conservative (low-risk) to aggressive (higher-risk). This allows you to choose a fund that matches your risk tolerance and investment timeline. Over time, this can help you maximize the returns on your contributions.

Automatic Contributions

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Once you enrol in KiwiSaver, your contributions are automatically deducted from your pay, making it easier to save regularly without thinking about it. You can also choose the percentage of your income to contribute (3%, 4%, 6%, 8%, or 10%).

 

Easy to Set Up

 

Setting up a KiwiSaver account is easy, and if you're employed, your employer will usually help with the process. You can also choose from a range of providers who offer different types of funds (such as bank-affiliated funds or independent investment firms).

 

There are no upfront fees for joining KiwiSaver. Some providers may charge a fee for managing your account, but these fees are generally low and are outweighed by the benefits you gain, such as employer contributions and government support.

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Important Considerations

 

Withdrawal Restrictions: Your funds are generally locked in until retirement age (65), unless you meet specific criteria like buying your first home, facing serious illness, or becoming permanently disabled.

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Investment Risk: The value of your investments can go up or down depending on the performance of the market.