KIWISAVER

Financial Management
Insurance
Retirement Planning
UK & Other Pension Transfers
KiwiSaver
Estate Planning
Tax Planning
Investments
Investment Approach

Anyone under 65 can join, and most people should.
The subsidies alone make it a “no-brainer”.

• When you join the government puts $1,000 into your account as a “kick start” bonus.
• Those aged over 18 also get a dollar-for-dollar government subsidy of up to $20 per week for their savings.
• If you are employed and a member of a KiwiSaver scheme you have to save at least 2% of your income and your employer have to add another 2%. Both amounts are sent to IRD who pass them on to the chosen KiwiSaver scheme.
• Savings in the KiwiSaver scheme are “locked in” until you qualify for NZ Super (or for 5 years if you are over 60 when you join), but after 12 months you can apply to suspend your savings should saving become difficult for a period.
• After three years those buying a first home can withdraw funds they have contributed from the KiwiSaver scheme – and may also get additional subsidies, depending on how long they have been in the scheme.
• Savers who want to save directly into a KiwiSaver scheme (including children and the self-employed) can make contributions by automatic payment – and get the $1,000 kick start, and dollar-for-dollar subsidies.

Click here to go to the KiwiSaver website.

Try our simple KiwiSaver calculator (save to your compouter before opening)

Try our simple KiwiSaver for a grandchild calculator (save to your compouter before opening)

Contact us for help in this area. We research the main KiwiSaver providers and can advise you on which scheme and fund you should use – or how to switch.

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