KIWI SAVER
KiwiSaver for most people is a no-brainer. Learn how to get the most out of your KiwiSaver experience & make sure you take advantages of all benefits on offer.
When you join KiwiSaver you will receive:
A 3% contribution from your employer.
If you’re contributing to KiwiSaver from your salary or wages, your employer is required to put in a minimum of 3% of your Before Tax Pay (less employer superannuation contribution tax).
Government Contributions of up to $521.43 every year.
If you’re eligible, for every $1 you put into your KiwiSaver scheme account, the Government will put in 50 cents up to a maximum of $521.43 per year, if you’re 18 or over. This is called a Government Contribution.
First home withdrawal.
If you’ve never owned a home, and you’ve been a KiwiSaver member for at least three years, you can take out all of the money both you and your employer have put in, as well as all of the investment returns, to help buy your first home.**
Up to $10,000 HomeStart grant.
On top of the first home withdrawal, if you’re eligible, you may also receive up to $10,000 as a HomeStart grant from the Government towards your first home.*
Your money is held in trust.
Whether you are with a big Aussie bank or a New Zealand owned KiwiSaver specialist, the KiwiSaver Act requires your investments to be held by a licensed supervisor and not the scheme provider. This means you can focus on selecting the fund that’s right for you knowing your investments are being held and supervised by an independent supervisor.
Our Process involves completing an online “Risk Tolerance” questionnaire through an Australian firm called FinaMetrica. This is our starting point to understand the degree of “investment Risk” you are willing to take.
From there we factor in many different aspects because one of the most important decisions you need to make is how your KiwiSaver savings are invested, as this will have a big impact on the money you have in retirement. You need to be comfortable financially and emotionally; we’re here to help point you in that right direction.
Conditions apply. For more information or visit the Housing New Zealand website for conditions. https://www.kiwisaver.govt.nz/new/benefits/home-withdrawl/.