KiwiSaver
MBIE administers Part 4 of the KiwiSaver Act 2006 (governance of KiwiSaver schemes) and Schedule 1 (the KiwiSaver scheme rules, including early withdrawal settings)
Inland Revenue administers Parts 1-3 (membership, contributions) and is the central system administrator for KiwiSaver, while the Financial Markets Authority regulates KiwiSaver providers under the Financial Markets Conduct Act 2013.
KiwiSaver helps you prepare for retirement
KiwiSaver is a voluntary work-based savings scheme designed to help set New Zealanders up for retirement. Most members will build up their savings through regular contributions from their pay. KiwiSaver member benefits (if you are eligible) include contributions from your employer and the Government, as well as help to buy your first home.
KiwiSaver is administered by Inland Revenue
Inland Revenue is the central administrator of the KiwiSaver system. This includes transferring contributions made from your employer to your KiwiSaver provider, and any transfers between providers.
For information about joining, tax, opting-out or withdrawals see:
- KiwiSaver for individuals(external link) — Inland Revenue
- KiwiSaver for employers(external link) — Inland Revenue
KiwiSaver is a regulated managed investment scheme
KiwiSaver is a regulated financial product called a ‘managed investment scheme’. KiwiSaver providers are regulated under the Financial Markets Conduct Act 2013. The Act sets licensing, supervisor arrangements, and disclosure requirements for managers of KiwiSaver schemes. These are monitored and enforced by the Financial Markets Authority.
As a managed investment scheme, money in KiwiSaver funds is pooled with other investors and spread across different kinds of investments.
For information about how KiwiSaver works and for independent KiwiSaver guidance and research see:
- About KiwiSaver(external link) — Financial Markets Authority
In this section I tēnei wāhanga
KiwiSaver default funds
People who do not choose a specific KiwiSaver fund when they start work and are not already a KiwiSaver member are automatically enrolled in a ‘default fund’.
Early access to KiwiSaver
Members can withdraw their KiwiSaver savings when they qualify for NZ Superannuation (age 65). You may also be able to get some or all of your savings earlier if you’re buying your first home, moving overseas, have a serious illness or a life‑shortening congenital condition, or are experiencing significant financial hardship.