When you join KiwiSaver for the first time, the default contribution rate is 3% for both employees and employers, with payments made automatically each time you're paid your salary/wages.
You can choose to contribute more - 4%, 6%, 8% or 10% - by notifying your employer or updating your rate through MyIR.
Matching employer contributions of 3% are mandatory for employees aged 18 to 65. Some employers may contribute more or continue contributions beyond that age range.
Upcoming changes: - From 1 April 2026, 16 and 17-year-olds who are working and contributing will also qualify for employer contributions.
The default employee and employer contribution rates are set to gradually increase: - From 1 April 2026, they’ll rise to 3.5% - From 1 April 2028, they’ll increase to 4%
We notify the IRD once we've processed your application, and they'll send your employer a letter informing them that you've joined a KiwiSaver Scheme. It will also tell them to start making contributions. This process can take some time, so to avoid ...
If you've been in KiwiSaver for 12 months, are aged 16 to 65, live mainly in NZ, have contributed at least $1,043 between 1 July and 30 June, AND don’t earn more than $180,000 taxable income per year, you're eligible to receive the full government ...
If you've been a KiwiSaver member for a least 3 years and are planning to buy your first home in NZ you may be eligible to withdraw the full amount of employee, employer and government contributions plus any investment returns (leaving $1,000 in the ...
If you are brand new to KiwiSaver or switching to Simplicity from another provider, joining our scheme takes just a few minutes. You'll need your IRD number and photo ID like a passport and driver's licence. To complete an application form click ...
To create a Simplicity KiwiSaver account for your child please complete the online application form here. You'll need your child's birth certificate and IRD number, and identification and an IRD number for at least one of the child's parents or ...