Kiwisaver

KiwiSaver is a voluntary, work-based savings initiative to help you with your long-term saving for retirement. 

KiwiSaver is for all New Zealand citizens and permanent residents living or normally living in New Zealand. Members can still get New Zealand Superannuation when they reach 65.

If you're working and you are a member you will contribute automatically from your pay and you will also receive contributions from your employer. 

If you're self-employed or you are unemployed you can still become a member by depositing your own contributions. 

KiwiSaver also can provide eligible people to help with the deposit on their first home.      

There are currently over 30 different providers ranging from Banks & Overseas Investment Companies. With so many providers, you cannot be sure if you are receiving the maximum benefit from KiwiSaver because there are things to consider such as the provider, the fund choice, tax rate & contributions.