What is KiwiSaver?

KiwiSaver is a voluntary work-based savings initiative that makes it easier for you to save for your future. KiwiSaver makes it easier to save because money is put into a KiwiSaver scheme from your weekly, fortnightly or monthly pay.

Once you join KiwiSaver your savings are locked-in until you reach the age of eligibility for New Zealand Superannuation (currently 65), or for five years for people who join after age 60.

KiwiSaver offers a number of benefits including:

An annual tax credit

An annual tax credit to your KiwiSaver account of up to $10 per week (approximately $520 per annum). Conditions apply

Who can join?

You can join KiwiSaver if you’re:

  • A New Zealand citizen, or entitled to live in New Zealand indefinitely, and
  • Living or normally living in New Zealand.

Enrolment in KiwiSaver will be automatic for all those starting a new job or you can opt in at any time if you have not done so already. If you haven’t joined already, and want to do so, we can help.  Just give our office a shout out or email us to speak to one of our friendly, qualified Advisers.

You can choose to contribute a minimum of 3% to an unlimited maximum of your gross (before tax) salary or wages to KiwiSaver. Your employer must contribute a minimum of 3% of your gross salary or wages also. But, where does all this money go and who is looking after it for you? If you get this stuff right, retirement could be a comfortable experience. If you get it wrong . . . times could well be tuff.
Its a great idea to save, we all agree on that. But, to save wisely and appropriate to our age, aspirations and goals . . . that’s a conversation in itself. Seek advice so you can be an active investor hedging your bets on a better outcome for your retirement. Speak to one of Mainland’s friendly, qualified Advisers about how to go about this.

kiwisaver Mainland Insurance