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KiwiSaver
NZ-Pathfinder Financial Services
Services KiwiSaver

KiwiSaver

Is your KiwiSaver on the right path to help you retire with peace of mind?

What is Kiwisaver?

A voluntary, work-based savings initiative designed to help people in New Zealand prepare financially for retirement. Established by the New Zealand Government in 2007, KiwiSaver operates through individual accounts managed by government-approved providers, such as banks or investment firms. When you join KiwiSaver, contributions are automatically deducted from your salary at a chosen rate—commonly 3%, 4%, 6%, 8%, or 10%—and invested into funds with varying risk levels, allowing you to select a growth strategy that suits your goals.

One of the key attractions of KiwiSaver is that contributions from both the individual and their employer, along with annual government contributions (also called member tax credits), work together to help boost long-term savings. 

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What do I need to get started?

Driver Licence

A valid New Zealand driver licence is required to verify your identity under AML regulations.

Passport

A New Zealand passport is accepted to verify your identity when joining KiwiSaver.

I.R.D number

Your IRD number can be found on your payslip, tax summary, or through your myIR online account.

Proof of Address

Provide a document dated within the last 12 months that shows your residential address, such as a utility bill, bank statement, IRD letter, or insurance notice.

FAQs

Why should I join KiwiSaver if I already save on my own?

Even if you have personal savings, KiwiSaver can boost your retirement nest egg through employer contributions and government tax credits, making it a cost-effective way to grow your funds.

How do I decide between different KiwiSaver funds (e.g., growth, balanced, conservative)?

Each fund type carries different levels of risk and potential return. Your choice should be based on your financial goals, investment timeframe, and comfort with risk. An adviser can help you select a fund that aligns with your situation.

When can I access my KiwiSaver money?

Typically, you can withdraw your KiwiSaver funds at age 65 (the current age for NZ Super). However, you may be able to access your savings earlier for a first home purchase or in cases of significant financial hardship.

Can I use KiwiSaver to buy my first home?

Yes. If you meet certain criteria, you can withdraw most of your KiwiSaver balance to put toward a first home deposit. There may also be additional support like the First Home Grant.

How much do I need to contribute?

You can choose to contribute 3%, 4%, 6%, 8%, or 10% of your salary. The “best” amount depends on your current circumstances and long-term goals. Even a small increase can have a substantial impact over time.

Is KiwiSaver compulsory?

No, KiwiSaver is not mandatory, but many people find it beneficial for its built-in advantages—such as employer contributions and government top-ups—to help reach their retirement goals sooner.

What happens if I need to withdraw early due to financial hardship?

KiwiSaver does allow early withdrawals for serious financial hardship or other specific circumstances. However, strict criteria apply, so it’s important to get personalized advice if you face this situation.

Do I pay tax on KiwiSaver contributions and earnings?

Yes. Employer contributions are taxed, and investment returns within KiwiSaver funds are subject to prescribed investor rates. An adviser can help clarify how this impacts your overall savings.