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Making the most of your KiwiSaver account
How to make your KiwiSaver savings work even harder.
Grow your balance faster
Here are some ways to get the most from your KiwiSaver savings.
Increase employee contributions
Increasing your regular contributions is an easy way to grow your KiwiSaver account.
Take advantage of Government contributions
Make sure you get the maximum Government contribution of $521.43 each year.
Make voluntary contributions
It's easy to make additional lump-sum or regular voluntary contributions anytime.
If you're self-employed or not employed
You can still get the most from KiwiSaver. And if you're contributing and are eligible, you'll also get the Government contribution. Review your options.
Need help?
Check if you're on track
Whatever your retirement goals may be, it's a good idea to regularly review whether you're on track to achieve them.
Choosing the right fund for you
With each of the ANZ-managed KiwiSaver schemes, you have a choice of six funds to invest in. The fund you choose can make a big difference to the amount of money you have when you retire. You can change your fund choice anytime.
You can choose a fund by selecting from one of two options:
Selecting our Lifetimes option
With our Lifetimes option, you don’t need to do anything – your money is automatically invested in a fund that is considered appropriate for an average person of your age.
Selecting from our six funds yourself
This is a good option for hands-on investors, or for people who are looking to use their savings to buy their first home in the near future.
Choose the right tax rate
It’s important to check your Prescribed Investor Rate (PIR) annually to make sure you’re paying the right amount of tax on your KiwiSaver account.
Why is this important?
- If your PIR is too high, any tax over-withheld will be used to reduce any income tax liability you may have for the tax year and any remaining amount will be refunded to you. Inland Revenue will notify you if you're due a refund.
- If your PIR is too low, you’ll be required to pay any tax shortfall as part of the income tax year-end process.
We may be notified by Inland Revenue to update your PIR if they believe it is incorrect. We are required to apply this updated PIR. However, you can provide us with a different PIR if you believe it is incorrect.
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What's next?
ANZ New Zealand Investments Limited ('ANZ Investments') is the issuer and manager of the ANZ KiwiSaver Scheme and the ANZ Default KiwiSaver Scheme (together, the 'schemes'). Important information is available under terms & conditions. Download the guide and product disclosure statement.
This material is for information purposes only. We recommend seeking financial advice about your situation and goals before getting a financial product. To talk to one of our team at ANZ, please call 0800 736 034, or for more information about ANZ’s financial advice service or to view our financial advice provider disclosure statement see anz.co.nz/fapdisclosure