Contribution options

If you're an employee (including self-employed people who have PAYE deducted from their income):

• You'll make employee contributions directly from your salary or wages.
• Your employer will generally also make employer contributions on your behalf.
• You can also make voluntary contributions.

If you're not an employee (e.g. self-employed and contractors who don't have PAYE deducted from their income, not working or receiving a benefit): 

• You can make voluntary contributions.
  

If you’re employed, you can choose to contribute 3%, 4%, 6%, 8% or 10% of your before-tax salary or wages. Your employer will automatically deduct your contributions from your pay. If you don’t choose a contribution rate, your contributions will be deducted at the minimum rate of 3%.

You can change your contribution rate once every three months (unless your employer agrees to let you change more often). Changing your contribution rate is simple - download and complete a KS2 KiwiSaver deduction form from the Inland Revenue website and give it to your employer. 

If you’re making KiwiSaver contributions, your employer also has to contribute to your KiwiSaver account unless you’re under 18, eligible for a retirement withdrawal (generally when you become eligible for NZ Superannuation), or have made a life-shortening congenital conditions withdrawal.

Your employer must contribute at least 3% of your before-tax salary or wages.

The employer contribution must be paid on top of your salary or wages, unless you have a total remuneration package which includes the employer contribution. If you’re unsure, check with your employer.

You can make regular or one-off voluntary contributions at any time. Select the scheme you’re with to see your options.

Please note, contributions to your KiwiSaver account can’t be reversed.

If you have other ANZ transaction accounts, you can transfer funds to your KiwiSaver account directly via ANZ Internet Banking, goMoney or Phone Banking.

It will usually take up to five business days for a lump sum contribution to reach your KiwiSaver account. 

Set up a regular direct debit, either:

• Call us on 0800 736 034 to set it up over the phone.
  
• Download, complete and return the relevant direct debit form.

For ANZ KiwiSaver Scheme, either:

• Select 'ANZ KiwiSaver Scheme' from the Bill Payee list on your internet banking.
• Make your payment to:
  ANZ KiwiSaver Clearing Account
  ANZ
  01-0102-0952766-01

For ANZ Default KiwiSaver Scheme, either:

• Select 'ANZ Default KiwiSaver Scheme' from the Bill Payee list on your internet banking.
• Make your payment to: 
  ANZ Default KiwiSaver Clearing Account
  ANZ
  01-0102-0952803-01

You can pay directly to Inland Revenue via your internet banking - using the 'pay tax' option.

If you’re making employee contributions, you can apply to suspend them for between three months to one year. This is called a ‘savings suspension’.

Who can apply?

You can apply for a savings suspension from 12 months after the date your first contribution was paid to Inland Revenue (unless you’re in financial hardship). You don’t need to give a reason.

However, if you’re experiencing financial hardship you can apply earlier. This is known as an ‘early savings suspension’ and you’ll need to provide evidence of financial hardship for reasons outside your control.

How long can you suspend contributions for?

You can apply to suspend your contributions for between three months and 1 year.

What happens to my employer contributions?

Your employer is not required to make employer contributions while you’re on a savings suspension.

How often can I apply for a savings suspension?

You can apply to suspend your employee contributions as often as you like. However don’t forget that each savings suspension can affect how much savings you’ll have when you retire.

How do I apply?

Visit Inland Revenue's KiwiSaver site to find out more about applying for a savings suspension.