Join the KiwiSaver scheme others look up to
Contribution options
Whether you're employed, self-employed or not working, it's easy to make contributions to your KiwiSaver account.
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%.
Changing your contribution rate
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 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.
How much does your employer contribute?
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.
If you’re making employee contributions, you can apply to suspend them for between three months to 1 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.
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.
Include the following information with your payment, otherwise we won't be able to credit your payment to the correct account:
- Your surname
- Your date of birth (DDMMYYYY)
- Your investor number or ANZ customer number or IRD number.