What is KiwiSaver?
KiwiSaver is a voluntary long-term savings system in New Zealand introduced July 2007. The primary purpose of KiwiSaver is to help New Zealanders save for their retirement, however members can also use KiwiSaver to contribute toward buying their first home.
As it stands, 86% of all New Zealanders under the age of 64 are members of KiwiSaver and making the most of the initiative’s main benefits: