KiwiSaver statistics as at 30 June 2008
| The contribution holiday figure on this page was updated in March 2009. Find out more. |
KiwiSaver members
| Method of joining current provider | Members |
|---|---|
| Opt in via provider | 338,279 |
| Opt in via employer | 119,059 |
| Automatically enrolled | 259,299 |
| Total membership (net of opt outs and closures) | 716,637 |
| Opted out | 137,762 |
| Closed 1 | 1,044 |
| Active contribution holidays (includes active financial hardship holidays) | 3,280 |
Demographics of KiwiSaver members
| Age band | Members | % |
|---|---|---|
| 0-17 | 90,722 | 13% |
| 18-24 | 113,933 | 16% |
| 25-34 | 110,191 | 15% |
| 35-44 | 122,818 | 17% |
| 45-54 | 127,917 | 18% |
| 55+ | 134,858 | 19% |
| No information | 16,138 | 2% |
| 716,637 | 100% |
| Gender | Members | % |
|---|---|---|
| Female | 367,370 | 51% |
| Male | 342,314 | 48% |
| No information | 6,953 | 1% |
| 716,637 | 100% |
| Payments to providers (gross) 2 | 1 July 2007 - 30 June 2008 ($000) |
|---|---|
| Employee deductions | 394,679 |
| Employer contributions | 63,500 |
| Voluntary contributions | 7,372 |
| Total member contributions | 465,551 |
| Kick-start | 551,475 |
| Fee subsidy | 15,387 |
| Interest | 4,933 |
| Total crown contributions | 571,795 |
| Total payments to providers | 1,037,347 |
1 Closed accounts are primarily due to people being incorrectly enrolled or being ineligible for enrolment, or a provider initiated closure, for example due to the death of a member.
2 Figures are provisional, Inland Revenue is currently reconciling final payments. Figures are gross and do not include payments refunded by providers to Inland Revenue.
NB: For the period 1 April 2008 to 31 March 2009 employers were able to claim a tax credit of up to $20 per week per employee to offset the cost of their employer contributions. From 1 April 2009, the ETC was no longer available for employers. In the period from 1 July 2008 to 31 December 2008, employers received $122.2 million in tax credits from the Crown. This figure will rise as more employer contributions are processed.
