What is KiwiSaver?
KiwiSaver is a voluntary savings scheme set up by the government to help New Zealanders to save for their retirement.
It's an easy and affordable way to save and invest for our retirement years. Most of us can benefit from joining KiwiSaver, if we haven’t already.
Employees can choose to contribute 3%, 4%, 6%, 8% or 10% of your gross (before tax) wage or salary to our KiwiSaver account.
Your employer has to match your contributions with close to 3% of your gross salary.
There’s an annual government contribution as well, even if you're not an employee – as much as $521 each year.
Your savings are invested on your behalf by the KiwiSaver provider of your choice. If you don’t choose a provider, Inland Revenue will assign you to a default KiwiSaver fund that can be a good solution for you.
