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KiwiSaver is an easy way to save for your retirement

KiwiSaver is a long-term savings initiative designed to help you save for retirement.

What are the main benefits?

KiwiSaver’s main benefits are that it helps you save for retirement and could help you buy your first home. As well as your savings, you may also receive:

What do I contribute?

The contributions you must make to KiwiSaver depend on your personal situation.

I'm employed/self-employed

If you're employed you must contribute at least 3% of your before-tax pay each pay day.

If you're self-employed and PAYE is deducted from your income you must contribute at least 3% of your before-tax pay each pay day.  You must also pay an employer contribution of 3% to your KiwiSaver account.

If you're self-employed and don't deduct PAYE from your income you can contribute at any time and for any amount.

Savings suspension

You can apply to stop contributions from your pay if you need to - but not until at least 12 months after your first KiwiSaver contribution is paid to Inland Revenue.

I have an existing superannuation scheme

If you're already in another superannuation scheme, it's important you talk to your employer before joining KiwiSaver.  Joining KiwiSaver may affect the contributions you and your employer make to your existing superannuation scheme.

I'm not employed

You can contribute any time and for any amount.

Find out more about your contribution options if you’re:

When can you withdraw your savings?

You can usually begin withdrawing your savings from your KiwiSaver account when you turn 65. If you joined KiwiSaver (or a complying superannuation fund) before 1 July 2019, a five year membership requirement also usually applies before you can begin withdrawing your KiwiSaver savings. 

From 1 April 2020, you can opt out of the five-year minimum membership lock-in period. If you opt out, once you turn 65 you will not receive Government contributions and your employer can stop their contributions. 

In limited circumstances, you may be able to withdraw some, or all, of your savings early. 

Can I choose where my money is invested?

A KiwiSaver scheme will have a range of funds for you to choose from. Our funds invest in four main asset classes; cash and cash equivalents, fixed interest, equities and listed property. They can also invest in small amount of listed infrastructure assets and alternative assets. 

Income and growth assets diagram

What are my risks?

KiwiSaver is an investment and like any investment, it involves taking some risks.

The level of risk will vary depending on the fund your savings are invested in, as each fund is exposed to different levels and types of risk. Growth assets are likely to experience larger movements in value compared to income assets. However, they are also expected to achieve higher investment returns over the long term. This concept is the 'risk/return' relationship.

Diversified, or multi-sector funds invest in a different mix of growth assets and income assets. Depending on the mix of assets, each fund has a different risk/return profile. You need to decide how these risks apply to your personal circumstances. In very general terms:

  • if you’re seeking higher returns, you need to be willing to accept more risk
  • if you’re seeking lower risk, you need to be willing to accept lower returns.

How do I get help in deciding what to invest in?

Investment decisions are very important and they often have long-term consequences. That’s why it’s important to read all documents carefully, ask questions and seek advice before committing yourself.

You can find more information about the risks involved in the product disclosure statement for the relevant KiwiSaver scheme.

For further information, please see the relevant guide and product disclosure statement:

The guide and product disclosure statements are available by calling 0800 736 034. The ANZ KiwiSaver Scheme guide and product disclosure statement are also available from any ANZ branch.

Issuer and manager: ANZ New Zealand Investments Limited (‘ANZ Investments’) is the issuer and manager of the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme.

Investments are not deposits in ANZ Group: Investments in the ANZ KiwiSaver Scheme or the ANZ Default KiwiSaver Scheme are not deposits in ANZ Bank New Zealand Limited,  Australia and New Zealand Banking Group Limited, or their subsidiaries (together 'ANZ Group'), nor are they liabilities of ANZ Group. ANZ Group does not stand behind or guarantee ANZ Investments. Investments are subject to investment risk, including possible delays in repayment, and loss of income and principal invested. ANZ Group will not be liable to you for the capital value or performance of your investment.

No guarantee: Investments in the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme are not guaranteed by ANZ Group, any of its directors, or any other person.

For information only: This website has been provided for information purposes only and is subject to change. The content of this website is intended to be of a general nature and does not take into account an investor’s, or potential investor’s, financial situation, investment objectives, or risk tolerance.

Not investment advice: This website is not intended to constitute, does not constitute, and should not be construed as constituting, investment advice nor is it a substitute for commercial judgment or other professional advice. Investors, or potential investors, should: (i) conduct independent due diligence on any investments; and (ii) obtain independent investment and professional advice, including tax advice, prior to acting in reliance on this website.

For specific investors only: This website is intended for investors who understand the investment risks referred to on it. Some, or all, of the investments mentioned on this website may not be suitable for certain investors. Investors, or potential investors, should consider whether: (i) an investment is appropriate for their risk profile; and (ii) they will meet the suitability requirements relating to those types of investments.

Speak to a financial adviser: This website is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult a financial adviser, please call us on 0800 269 238 and we will provide you with the contact details for a financial adviser in your area. A financial adviser will, on request and free of charge, provide you with his or her disclosure statement prepared under the Financial Advisers Act 2008.

Past performance: Past performance does not indicate future performance. The actual performance any given investor realises will depend on many things, is not guaranteed and may be negative as well as positive.

How performance is calculated: Except for in the quarterly KiwiSaver fund updates (in which investment performance is calculated after fees and at a 28% prescribed investor rate), performance is after annual fund charges, and before tax and membership fees. The funds in respect of products mentioned on this website are portfolio investment entities (PIEs). Performance for funds operating before they became PIEs on 1 October 2007 has been recalculated to be on the same (pre-tax) basis. Returns for all periods longer than 1 year are annualised.

Unit prices: The unit price is calculated in accordance with the applicable governing document (each as amended, added to or replaced) for the ANZ KiwiSaver Scheme and ANZ Default KiwiSaver Scheme. The actual unit price that applies at the time a transaction request is received and accepted may differ from the unit price shown.