How do I contribute to my grandchild's KiwiSaver account?
How do I contribute to my grandchild's KiwiSaver account?
A KiwiSaver account for a child legally can only be opened and administered by the parents or legal guardians who are named on the childs birth certificate.
However, once the account is set up anyone can make contributions into the child's account.
Deposit information is on the member app under 'Make a deposit'
The investments within the Simplicity KiwiSaver Funds are taxed based on the tax regime that relates to each of them. So, for example, there is no tax paid on capital gains from New Zealand and Australian shares; only on dividends. International ...
KiwiSaver is designed as a long-term investment, so the money is typically "locked in" until you reach the qualifying age of 65. However, there are a few specific situations where you can access your funds earlier, such as if you're purchasing your ...
When a Simplicity member dies, we will pay their KiwiSaver balance to the personal representative of their estate once we have received the required legal documentation. If the member left a valid Will, this will usually be the executor once probate ...
If you’ve permanently moved to Australia, you may be able to transfer your KiwiSaver to an Australian-compliant super fund under the Trans-Tasman portability scheme. You cannot withdraw the money directly to your bank account. Before applying, please ...
No. With Simplicity, your KiwiSaver account can only be invested in one fund at a time. Our KiwiSaver funds are already broadly diversified, and many of the investments across the funds overlap. For most people, KiwiSaver has one long-term purpose, ...