Get your KiwiSaver moving, today.

KiwiSaver Basics

  • Your KiwiSaver fund is available to you if you are buying your first home. You may also be entitled to a HomeStart grant in addition to your savings.
  • Your employer has to contribute at least 3% of your gross wage or salary into your KiwiSaver account.
  • The government contributes to your KiwiSaver account as well – an annual ‘member tax credit’ (if you are a contributing member aged 18 or over) of up to $521.
  • Your KiwiSaver account will stay with you through job and life changes.

Buying Your first home

If you’re buying your first home, and have been in the KiwiSaver scheme for at least three years, you may be entitled to use some of your KiwiSaver money towards the purchase. In some cases, you may still be eligible to use your KiwiSaver even if you have already purchased property.

In addition, you may qualify for $5,000 towards buying an existing home, or up to $10,000 towards a new build or purchase of a new home.

Fund Type

Recently there has been a lot of media attention on the lack of advice with KiwiSaver. Over 550,000 New Zealanders still have their KiwiSaver in default funds, depriving themselves of tens of thousands of dollars of retirement savings.

Default funds are supposed to be used as “temporary parking spaces”. Unless you have actively selected a KiwiSaver fund (or a combination of funds), chances are your KiwiSaver has not been customised to your unique situation.

Your investor profile will depend on your KiwiSaver time frame and the level of risk you are prepared to take. We’ve put together a sixty-second questionnaire to assist you with your KiwiSaver fund allocation.

Ask us a question?