What is KiwiSaver?

KiwiSaver is a voluntary work-based savings initiative that makes it easier for you to save for your future. KiwiSaver makes it easier to save because money is put into a KiwiSaver scheme from your weekly, fortnightly or monthly pay.

Once you join KiwiSaver your savings are locked-in until you reach the age of eligibility for New Zealand Superannuation (currently 65), or for five years for people who join after age 60.

KiwiSaver offers a number of benefits including:

  • An annual tax credit to your KiwiSaver account of up to $10 per week (approximately $520 per annum). Conditions apply
  • Compulsory contributions from your employer

You can choose to contribute 3%, 4% or 8% of your gross (before tax) salary or wages to KiwiSaver and in most cases your employer must contribute a minimum of 3% of your gross salary or wages to KiwiSaver. .

Who can join?

You can join KiwiSaver if you’re:

  • Under the age of eligibility for New Zealand Superannuation (currently 65),
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely, and
  • Living or normally living in New Zealand.

Enrolment in KiwiSaver will be automatic for all those starting a new job (with some exceptions), although employees automatically enrolled will have the chance to opt out (within a specified timeframe).  Other people can choose to opt in to KiwiSaver but can’t then opt out.

For more information please see the links below...

AMP Wealth Management New Zealand Limited (‘AMP’) is the issuer and manager of the AMP KiwiSaver Scheme (the ‘Scheme’).  The Supervisor of the Scheme is The New Zealand Guardian Trust Company Limited (the ‘Supervisor’).  While care has been taken to supply information on this website that is accurate, none of AMP, the Supervisor, the underlying fund managers, or any of their related companies, their directors, the Crown or any other person guarantees the Scheme, any investment in the Scheme, or any returns on an investment in the Scheme, or gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission.  Past performance in not indicative of future performance and is not guaranteed by any party

A disclosure statement is available on request and free of charge from your adviser.