Payments to scheme providers by category

This graph has ten stacked vertical bars. The vertical axis shows the payments amount made to scheme providers by category. The payments to scheme providers are identified as:

• Employee deductions
• Employer contributions
• Kick-start
• Voluntary contributions
• IR Interest Paid, or
• Member Tax Credit.

The horizontal axis represents data from 2008  FY to 2017 FY. By the end of the 2017 FY:

• $ 5,585  million has been paid to scheme providers, up from $ 1,037 million in July 2007.
• $ 3,001 million represents employee deductions, up from $ 395 million in July 2007.
• $ 1,828 million represents employer contributions, up from $ 64 million in July 2007.
• $ 40 million represents voluntary contributions, up from $ 7 million in July 2007.
• $ 12 million represents IR interest paid, down from $ 5 million in July 2007.
• $ 703 million represents member tax credit, which was introduced after KiwiSaver began.
•  

End of long description.

Close this window to continue using our website.