Why you should join KiwiSaver – The Facts 

Whether you are already saving or are about to start, the Government will help you save for your future by providing a number of benefits as a KiwiSaver member. KiwiSaver is designed to be hassle-free so it’s easy to maintain a regular savings habit to provide the lifestyle that you desire in retirement.

Here are some of the key features and benefits:

  • The Government will help by contributing $0.50 for every $1.00 you put in, in the form of a member tax credit of up to $10 per week ($521.43 per year) provided you are 18 years of age or over and meet all other eligibility criteria.
  • If eligible, your employer will contribute at least 3% of your gross salary or wages provided you also make contributions from your pay.
  • Allows you a level of flexibility in making contributions whether you are on PAYE, self-employed, not working or a child.
  • After being a member of KiwiSaver for 3 years, you could qualify for a first home withdrawal using both your own and your employer’s contributions.
  • The KiwiSaver HomeStart grant was introduced on 1 April 2015, replacing the KiwiSaver first-home deposit subsidy. Like the KiwiSaver first-home deposit subsidy, the KiwiSaver HomeStart grant provides eligible first-home buyers with a grant of up to $5,000 for individuals and up to $10,000 for couples to put towards the purchase of an existing/older home.
  • In addition, the new KiwiSaver HomeStart grant also provides eligible first-home buyers with a grant of up to $10,000 for individuals and up to $20,000 for couples to help with the costs of purchasing a brand new home. From 1 April 2015, eligible members can withdraw their KiwiSaver savings (including tax credits). However, at least $1,000 must remain in their KiwiSaver account. If you have owned a home before you may still be eligible for the subsidy subject to meeting certain conditions. For further information and the eligibility criteria see Housing New Zealand’s website at
  • Access to your KiwiSaver investment savings when you reach the eligibility age for New Zealand Superannuation (currently age 65) or the date on which you have been a member of KiwiSaver for 5 years or more (whichever is the later). The flexibility to continue to contribute to KiwiSaver after you are eligible for a retirement withdrawal With the significant benefits that the Government has put in place for KiwiSaver members, many New Zealanders will benefit from opting in. The KiwiSaver benefits listed above are available subject to the terms of specific legislation enacted. Not all members will be eligible for all benefits.

Contact us today to find out how we can help.

Reasons to gain advice on your KiwiSaver investment options.

  • If you are in a default fund…
    • You have not chosen a fund yourself and may be in the wrong fund for your Investment profile. You could be sacrificing portfolio growth over time.
  • Do you want to use your KiwiSaver investment to help you buy your first home?
    • If you plan is to use your KiwiSaver investment to purchase your first home, you need to be sure your investment is working for you, to ensure the most bang for your buck.
  • Are you contributing enough to maximise the Government Member Tax Credits?
  • Do you need help and advice in setting out your financial goals for retirement?
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