KiwiSaver is a voluntary, work-based savings initiative to help New Zealanders with their long-term saving for retirement.


If you are an employee, you can choose to contribute 3%, 4%, 6%, 8% or 10% of your gross (before tax) wage or salary to your KiwiSaver account.  The employeer has to contribute 3% of your gross salary. Each year, the government contribute as well, as much as $521 each year. Your savings are invested by the KiwiSaver provider of your choice. If you do not choose a provider, Inland Revenue will assign you to a default KiwiSaver fund. You can use KiwiSaver to save for a first home or retirement funds. If using KiwiSaver to save for retirement, you can access your money at 65 years old.