GAL 
   
 
KiwiSaver

 
IRD - 20 January 2012 (updated 4 September 2013)

All New Zealand residents and people entitled to live here permanently up to the age of 65 are eligible for KiwiSaver.

Government Contributions

  • $1,000 tax free "kick-start" when a member first joins
  • Pays an annual member tax credit to eligible members
  • Funds the first home deposit subsidy through Housing New Zealand for people who meet the criteria

Note: KiwiSaver is not guaranteed by the Government.

Employer's responsibilities

  • Give new employees and other staff who are interested a KS3 - Employee Information Pack
  • Forward employee’s details to Inland Revenue to enable them to be enrolled
  • Deduct contributions from employee’s gross salary and pay these to IRD through the PAYE system

Compulsory Employer Contributions

Employers must contribute to their employee's KiwiSaver scheme at a rate of 3% of the employee's gross salary or wages.

More details on the Employer’s role are available here.

KiwiSaver Scheme Providers

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All information is correct at the date of article publication. Please note we provide the information as a service only. Accordingly, the contents are not intended as a substitute for specific professional advice and should not be relied upon for that purpose.   


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