What is it?

KiwiSaver is a government initiative involving employers, scheme providers and several government agencies. It's a work-based savings initiative to help you save for your future. KiwiSaver has unique benefits to make long-term saving easier. It's also flexible, to suit you at different times in your life.

What is it?

KiwiSaver is a voluntary, long-term savings initiative to help set you up for your retirement. Most KiwiSaver members will build up their savings account through regular contributions from their pay.

Benefits and incentives

To get your savings off to a good start, the Government will kick-start your KiwiSaver account with a tax-free contribution of $1,000. Each year the Government will pay into your account a member tax credit (if you're 18 or over) and a fee subsidy. You may also be eligible for help with your mortgage.

Who's involved?

KiwiSaver is a government initiative involving employers, KiwiSaver scheme providers and several government agencies. It's open to all New Zealand citizens and people entitled to be in New Zealand indefinitely, aged up to 65.

Legislation and policy governing KiwiSaver

KiwiSaver is governed by various Acts including the KiwiSaver Act, passed in September 2006. Further legislation affecting KiwiSaver was also passed in December 2007.