KiwiSaver is primarily a retirement savings scheme for New Zealand citizens or
Who can join KiwiSaver?
You must be below the age of 65, be living or normally living in New Zealand, be a New
Zealand citizen or have permanent residency.
What is BetterSaver?
BetterSaver is your trusted source for clear, unambiguous information about KiwiSaver,
enabling you to find an investment that not only provides good financial returns but
matches your worldview.
How do I join KiwiSaver?
You can join KiwiSaver for the first time by going to the BetterSaver comparison page,
finding a fund you would like to join, and simply click the switch me button and
following the steps to complete an application. If you are unsure what fund would suit
you, we suggest you seek independent financial advice from an authorised financial
Can I transfer my Australia Super Savings to KiwiSaver?
Yes — if you use a statutory declaration which is witnessed in New Zealand to prove you
are permanently emigrating from Australia to New Zealand, then you are able to transfer
your Australian super savings to KiwiSaver. Your KiwiSaver provider will be able to
assist you with the process.
Can I transfer my UK retirement savings to a KiwiSavear account?
No. Because of UK laws no KiwiSaver scheme currently has Qualifying
Recognised Overseas Pension Scheme (QROPS) status, which is a requirement for UK
pensions to be transferred.
Can I opt-out of KiwiSaver?
Yes and no; employees who are automatically enrolled are able to opt out of KiwiSaver
after you have been a member for two weeks, but before eight weeks. If you have chosen
to voluntarily join KiwiSaver you are unable to completely opt-out, but still have the
option to take a contributions holiday. If you are less than 19 years old you may also
be able to opt out. (ask your employer for a KS10 form)
What are KiwiSaver Member Tax Credits (MTC)?
Each year around August there is a KiwiSaver bonus called the member tax credit (MTC)
paid into qualifying KiwiSaver accounts. The MTC is 50 cents for every $1 you
contribute up to a maximum MTC of $521.43 for each account per year. So to qualify for
the full MTC all you have to do is contribute $1042.86 to your account during the
KiwiSaver year (July 1 - June 30).