Are you a First Home Buyer? - Do you qualify for Kiwisaver?

KiwiSaver is a voluntary workplace-based retirement savings initiative.

The KiwiSaver Scheme is designed to help you save for your retirement now.

Key Features

  • Member contributions will be matched* by the Government up to $521.43 per annum (approximately $20 per week) in the form of a member tax credit paid annually to the members KiwiSaver account**.
  • You choose the contribution rate an amount equal to 3%, 4% or 8% of your gross salary or wages if you are employed**.
  • You'll receive a matching compulsory employer contribution of 3% after tax of salary or wages*.
  • You may be able to withdraw some of your KiwiSaver savings after three years of contribution.
  • A first-home deposit subsidy for eligible investors* - after three years of contributing membership (up to $1,000 for each year of contributing membership to a maximum of $5,000).  See this website for more details.
  • Contributions holiday - If you're employed, you can take a contributions holiday twelve months after your first contribution is received. Holidays can be for three months to five years, after which contributions will resume unless a further contributions holiday is applied for.
  • You don't need to do anything once you've signed up - If you're employed, your savings are automatically deducted from your salary or wages each payday, or the date of your direct debit if you do not earn a salary or wage.

Note: If you don't have a regular income, you can contribute directly to the ANZ Bank KiwiSaver Scheme via direct debit or by making a lump sum contribution. Alternatively, you can make contributions directly to Inland Revenue. If you do earn a salary or wages then a minimum of 2% will generally be deducted from your gross earnings (unless you are on a contributions holiday).

*Certain criteria apply.

** Certain aspects of the ANZ Bank KiwiSaver Scheme and all other KiwiSaver schemes such as minimum contribution levels, the Government's incentives and the circumstances in which benefits can be withdrawn are prescribed in the KiwiSaver legislation. The legislation may be amended from time to time by the Government and any such legislation may impact on such schemes.