How does KiwiSaver work?
KiwiSaver is a simple way to help you achieve the retirement you want and deserve. Your member contributions plus employer contributions and Government incentives are all invested in your KiwiSaver account.
KiwiSaver benefits
KiwiSaver offers great benefits which, if you are eligible, may include:
- $1,000 kick-start contribution from the Government,
- A member tax credit up to $521.43 p.a.,
- Benefits for first (and second-chance) home buyers.
Is KiwiSaver right for me?
Whether you're an employee, self-employed or not employed, have already started saving for retirement or would like to start saving now; as long as you are aged 65 or less, KiwiSaver could be the right solution for you.
Can I afford it?
KiwiSaver works differently for different individuals. For employees, you'll need to contribute 2%, 4% or 8% of your gross salary or wages. If you're self-employed or not employed, you can agree your contribution level with your KiwiSaver provider.
The Government announced in the 2011 Budget that the minimum employee contribution rate and the default contribution rate will increase from 2% to 3% of gross salary or wages with effect from 1 April 2013.
Disclaimer
The FirstChoice KiwiSaver Scheme is provided by ASB Group Investments Limited.
The information contained in this website is for general informational purposes and is designed for use by New Zealand Residents only. None of the Crown, the Trustee, the Manager, ASB Bank Limited and its subsidiaries (the Banking Group), the Commonwealth Bank of Australia, or any other company in the Commonwealth Bank of Australia Group, or any of their Board members or directors (as the case may be), nor any other person or party, guarantees the securities offered in this website or the performance of those securities (including any of the investments or returns made in respect of the securities).
A copy of the Investment Statement for the FirstChoice KiwiSaver Scheme is available here or by calling 0800 1ST CHOICE (0800 178 246).
