This website is operated by BetterSaver Limited and is not endorsed by,
or affiliated with, the New Zealand Government, Inland Revenue, or any KiwiSaver provider.
BetterSaver Limited is using the KiwiSaver trade mark and logo under licence from Inland
Revenue. To view the official New Zealand Government KiwiSaver website please
click here.
Disclaimer: Nothing on bettersaver.co.nz is
personalised financial advice for the purposes of the Financial Advisers Act and the
content of this website should not be relied upon in making an investment decision. We
recommend that you seek professional advice from a suitable authorised or registered
financial adviser which takes into account your personal circumstances before making an
investment decision. To the best of our knowledge, the information contained on this
website is accurate and reliable as of the date of publication; however, we do not assume
any liability whatsoever for the accuracy and completeness of the information on this
website. You should check the relevant product data on the provider's website before making
a decision. FSP Number: FSP600609
KiwiSaver is primarily a retirement savings scheme for New Zealand citizens or
permanent residents.
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
advisor (AFA).
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).
BetterSaver
