KiwiSaver for newbies

Congrats on your first job! Along with remembering your workmates’ names, you’ll also need to wrap your head around stuff like KiwiSaver. Luckily, we’ve done some of the thinking for you.

Retirement’s ages away (and it is) so who cares?  You should, that’s who. Why? Because KiwiSaver isn’t just to help you spend your golden years doing the hobbies and activities you love.

In fact, it might come in handy a lot sooner than you think, because your KiwiSaver savings could help you into your first home.

KiwiSaver benefits

  • If you're eligible, the Government will contribute 50 cents for every dollar you put into your KiwiSaver account, up to a maximum of $521.43 each year.
  • Your employer will generally contribute at least 3% of your before-tax pay into your KiwiSaver account.
  • Any returns earned by your KiwiSaver account are added back into your account, meaning they can earn further returns in the future. This is known as compound interest. So the earlier you start saving, the bigger your investment could grow.
  • You might be able to withdraw money out of your KiwiSaver account to put towards your first home.

How to join

If you don’t already have a KiwiSaver account, ask your employer for a KiwiSaver information pack. 

Find out about the ANZ KiwiSaver Scheme.

Or, for more on KiwiSaver in general, see Inland Revenue's KiwiSaver for individuals.

Get on board now and you’ll be patting yourself on the back in the future.

Important information

ANZ New Zealand Investments Limited is the issuer and manager of the ANZ KiwiSaver Scheme. Important information is available under terms and conditions. Download the guide and product disclosure statement.

This material is information only and you should seek professional advice about your circumstances.  We’ve taken care to ensure the information is reliable, we don’t warrant its accuracy, completeness, or suitability for your intended use.  To the extent the law allows, we don’t accept any responsibility or liability arising from your use or reliance on this information.

Please talk to us if you need financial advice about our products or services. See our financial advice provider disclosure at