Why you need KiwiSaver

KiwiSaver is a voluntary savings initiative for anyone from babies through to 64 years old.

Unfortunately, most of us will not have saved enough by retirement age and will find that the New Zealand Superannuation is not sufficient for us to live on.

Kick-Start
To get your savings off to a good start, the Government will kick-start your KiwiSaver account with a tax-free contribution of $1,000. This free incentive applies to anyone who becomes a KiwiSaver member, including children through to retirement age.

Member Tax Credit
The government will pay into your KiwiSaver scheme an annual member tax credit matching your contributions up to $1,042.86 per year (this works out to about $20 per week).The member tax credit is not a cash payment. It's given directly to your scheme provider and put into your KiwiSaver account. You will get member tax credits from age 18 until you're eligible to access your savings.

Home Ownership Assistance
A free first home deposit subsidy after a minimum of 3 years contributing, of $1000 per year of saving up to a maximum of $5,000 subject to eligibility.
Withdraw accumulated savings to purchase a first home after 3 years of membership. Can withdraw your contributions, your employers contributions and your investment returns.
If you are not a first home buyer but it is determined you are in the same financial position as someone buying their first home you may also be eligible for the subsidy.
Contribution requirements are 2% of annual income if a salary/wage earner, non-earners at least 2% of the minimum annual wage, beneficiaries at least 2% of their annual benefit.

KiwiSaver For Employees
You receive the $1,000 kick-start when you join. Your employer will deduct 2% from your salary or wages and you benefit from a 2% contribution from your employer free. With the member tax credit matching your contributions of up to $20 per week you in fact triple your money! If you change jobs or leave, your KiwiSaver account goes with you. If you cease employment then your contributions also cease.

KiwiSaver For Self Employed & Unemployed
You choose if you wish to contribute or not. If you wish to make contributions these are done by automatic payment or direct debit. You still receive the $1,000 kick-start and if contributing you receive the member tax credit up to $1,042 annually. If you wish to stop contributions you need only cancel your automatic payment or direct debit, no contributions holiday required. If you are contributing and therefore receiving a member tax credit, you are in fact doubling your money!

KiwiSaver For Those Nearing Retirement
By joining KiwiSaver you receive the $1,000 kick-start. If you are not employed but contribute yourself, the government will match your contributions up to $1,042 per year. Even if you only have a couple of years until retirement you are doubling your money!.

KiwiSaver For Kids
By joining your baby or child you are entitled to the $1000 kick-start for free with no requirement to contribute until they become an employee. Note: If a child has been a member for more than 12 months and has made at least one contribution during this time, they can take a contributions holiday immediately they become employed.

Why Fidelity KiwiSaver?