Understanding KiwiSaver

KiwiSaver is an easy and affordable way to save for your retirement.

What is KiwiSaver?

KiwiSaver is a voluntary work-based savings scheme set up by the government to encourage New Zealanders to save for retirement.

If you're employed, you can choose to contribute 3%, 4% or 8% of your gross (before-tax) wage or salary to your KiwiSaver account. Your employer has to contribute as well – at least 3% of your gross salary.

Who can join KiwiSaver

To be able to join KiwiSaver you don't have to be employed, but you do have to be:

  • A New Zealand citizen, or entitled to live in New Zealand indefinitely
  • Living or normally living in New Zealand
  • Below the age of eligibility for NZ Super (currently 65)

Find out more about who can and can’t join on the Inland Revenue KiwiSaver website.

How to join KiwiSaver

There are three ways to join KiwiSaver:

  • Automatic enrolment when you start a new job
  • Opting in though your employer
  • Opting in through a KiwiSaver provider

If you’re self-employed or not employed, you can join by contacting a KiwiSaver provider and arranging a regular contribution amount. Here's a list of KiwiSaver providers.

Find out more about how to join KiwiSaver and start saving for retirement from the KiwiSaver website.