Facts about KiwiSaver

1. Government kick starts you with $1000
2. 18 or over the government will pay into your account a member tax credit matching the contributions you have made that year up to a max of $1,042.86
3. After 3 years you may become eligible to withdraw all or part of your savings to purchase your first home (excludes tax credits & kick start)
4. Employees 18 and over are automatically enrolled when starting a new job
5. Self employed are not automatically enrolled, but can join and get the kick start of $1000
6. A new employee can opt out on the 14th day of employment to the 56th day of employment
7. A employee can take a contribution holiday after being a member for 12 months
8. Contribution holiday can be for a minimum of 3 months and a maximum of 5 years
9. All employers have to offer KiwiSaver in the workplace
10. KiwiSaver is considered part of matrimonial property
11. From April 09 it is compulsory for employers to put in 2%
12. The IRD has 6 Default Providers

If you have any questions regarding KiwiSaver or the Providers please contact us.

Or if you would like to check out the KiwiSaver website it is www.kiwisaver.govt.nz