How to join KiwiSaver if you are:

  • Self-employed
  • Under 18
  • Not working

Self-employed

Just because you’re self-employed doesn’t mean you have to miss out on KiwiSaver and some of the great benefits it has to offer. To join KiwiSaver, you’ll need to select a scheme provider and apply directly. You’ll need to check the minimum contribution amount and the conditions of your membership with your scheme provider (you can do this by requesting a copy of their product disclosure statement).

If you’re regularly contributing to KiwiSaver (and over 18), you’ll receive an annual member tax credit to your KiwiSaver account of up to $10 per week. Conditions apply.

If you’ve been a member of KiwiSaver for three years you may be able to withdraw your savings (excluding the member tax credits) to put towards buying your first home. Conditions apply. If you qualify, you may be entitled to a first home deposit subsidy of up to $5,000.  You must leave at least $1000 in your AMP KiwiSaver Scheme account after the withdrawal, even if you have not received a $1000 kick-start contribution.  In some situations if you have owned a home before, you may be able to make a withdrawal, if Housing New Zealand accepts that you are in the same financial position as would be expected if you have never owned a property in the past.

For more information and eligibility criteria visit www.hnzc.govt.nz.

Under 18

Joining KiwiSaver early can be a great way to get a head start on your retirement savings and take advantage of the help offered to first homebuyers when you get older. If you’re under 18 years of age (or a parent wishing to enrol their child in KiwiSaver), you can simply select a KiwiSaver scheme provider and apply directly.
Under 18s are not entitled to member tax credits. You’ll need to check the minimum contribution amount and the conditions of your membership with your chosen scheme provider (you can do this by requesting a copy of their product disclosure statement).

Not working

If you’re not working and wish to join KiwiSaver, you can simply select a scheme provider and apply directly. You’ll need to check the minimum contribution amount and the conditions of your membership with your scheme provider (you can do this by requesting a copy of their product disclosure statement). You can make contributions directly to your scheme provider, or via Inland Revenue.

If you’re regularly contributing to KiwiSaver (and over 18), you’ll also receive an annual member tax credit to your KiwiSaver account of up to $10 per week. Conditions apply. If you qualify, you may be entitled to a first home deposit subsidy of up to $5,000.   You must leave at least $1000 in your AMP KiwiSaver Scheme account after the withdrawal, even if you have not received a $1000 kick-start contribution.  In some situations if you have owned a home before, you may be able to make a withdrawal, if Housing New Zealand accepts that you are in the same financial position as would be expected if you have never owned a property in the past.(for more information and eligibility criteria visit www.hnzc.govt.nz).

If you decide to join KiwiSaver and later become an employee, contributions will be deducted from your salary or wages, unless you take a contributions holiday.

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

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