KiwiSaver statistics as at 30 November 2009

KiwiSaver members

Method of joining KiwiSaver	Members
Opt in via provider (active choice)	575,955
Opt in via employer	203,369
Automatically enrolled	471,496
Total membership (net of opt outs and closures)	1,250,820
Opt out	233,594
Closed 1	10,415
Active contribution holidays (includes active financial hardship holidays)	34,347

Demographics of KiwiSaver members

Age band	Members	%
0-17	217,857	17%
18-24	194,391	16%
25-34	198,701	16%
35-44	205,054	16%
45-54	207,339	17%
55+	220,232	18%
No information	7,246	1%
	1,250,820	100%

Note - the above percentage totals may not add up to 100% due to rounding.

Gender	Members	%
Female	645,716	52%
Male	598,543	48%
No information	6,561	1%
	1,250,820	100%

Note - the above percentage totals may not add up to 100% due to rounding.

Payments to providers (gross)	November 2009 ($) million	Financial year 2009-10 ($) million
Employee deductions	88.1	433.0
Employer contributions	39.8	251.3
Voluntary contributions	0.4	3.8
Total member contributions	128.3	688.2
Member tax credit (MTC)	1.6	568.5
Kick-start	33.2	160.6
Fee subsidy	0.7	7.6
Interest	0.3	2.2
Total crown contributions	35.8	739.0
Total payments to providers	164.1	1,427.1

Payments to scheme providers

Figures are provisional. Inland Revenue is currently reconciling final payments.

Figures are gross and do not include payments refunded by providers to Inland Revenue.

Figures do not include KiwiSaver contributions held by Inland Revenue.

MTC figures represent all MTC paid to KiwiSaver providers. Figures exclude MTC paid to complying funds.

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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.