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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

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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