Kiwisaver - an easy way to save

How does it work?

KiwiSaver is a voluntary savings scheme to help Kiwis save for retirement. The initiative is designed to encourage you to create and maintain a consistent pattern of savings.

The savings are a combination of; contributions that are made to your account, investment returns (both plus and minus), minus withdrawals and fees and taxes.


For people who are employed, the contributions made to KiwiSaver will be done through their employer and come out of their wages. However, for those who are self-employed or unemployed, how much is contributed can be negotiated with their KiwiSaver provider.

When can I access the funds?

For most people, the funds in your KiwiSaver will be accessible once you are eligible for superannuation or if you’ve been a member for at least five years, depending on your age.

If you’re buying your first home, you may be able to access the funds earlier provided you meet a specific criteria. There are also other circumstances which may see you eligible for a premature withdrawal of your Kiwisaver. A mortgage adviser will be able to tell you what they are and assist you with making the best decision for your situation.

Regular contributions from your employer and a tax credit that is paid by the government, annually, are just some of the many member benefits of KiwiSaver.

If you’d like to find out more, please register for one of our first home buyers seminars or download our first home buyers guide here.

Can't wait? Speak to an expert mortgage adviser today.