What is KiwiSaver
KiwiSaver is a work-based savings initiative designed to help New Zealanders build retirement wealth through contributions from you, your employer, and the Government. With a wide range of schemes and funds available, choosing one that suits your goals and life stage is key to making the most of your investment.
How KiwiSaver works
When you join KiwiSaver, you contribute a portion of your income — usually 3%, 4%, 6%, 8%, or 10% — directly from your pay. Your employer matches at least 3%, and the government contributes up to $260.72 each year if you’re eligible. Together, these contributions grow over time in an investment fund of your choice.
Where your money goes
KiwiSaver funds are invested in a mix of assets such as shares, bonds, property, and cash, depending on the type of fund you choose. Growth-oriented funds typically invest more in shares for higher potential returns, while conservative funds focus more on lower-risk assets like cash and bonds. Each fund's investment mix influences both the potential returns and the level of risk your savings are exposed to over time.
Why fund choice matters
Fund choice matters with KiwiSaver because it determines how your money is invested and how much risk you're exposed to. The right fund can help you grow your savings more effectively based on your goals, timeframe, and comfort with market ups and downs. Choosing the right fund can make a significant difference to your long-term retirement outcomes.
Key Benefits of KiwiSaver
Employer Contributions – 3% minimum. Starting April 1, 2026, the default KiwiSaver employer contribution rate will increase to 3.5% then, on April 1, 2028, it will increase again to 4%.
Government Top-Up – Up to $260.72 year
First Home Buyer
Compounding Returns
Flexible Fund Switching
When can you access it?
KiwiSaver is designed for the long haul. There are a few select situations* where you can withdraw funds before age 65 (subject to specific criteria):
At age 65
Buying your first home*
Serious illness*
Significant financial hardship*
Permanently moving overseas*
Ready to get more from KiwiSaver.
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