KiwiSaver

These include:

• Part 4 of the Act which contains governance provisions relating to KiwiSaver schemes
• Schedule 1 which contains the KiwiSaver scheme rules that apply to all KiwiSaver schemes.

KiwiSaver helps you prepare for retirement

KiwiSaver is a savings scheme designed to help set New Zealanders up for retirement. Most members will build up their savings through regular contributions from their pay. KiwiSaver member benefits (if you are eligible) include contributions from your employer and the Government, as well as help to buy your first home.

KiwiSaver is a regulated managed investment scheme 

KiwiSaver is a regulated financial product called a ‘managed investment scheme’. KiwiSaver providers are regulated under the Financial Markets Conduct Act 2013. The Act sets licensing, supervisor arrangements, and disclosure requirements for managers of KiwiSaver schemes. These are monitored and enforced by the Financial Markets Authority.

As a managed investment scheme, money in KiwiSaver funds is pooled with other investors and spread across different kinds of investments. 

KiwiSaver is administered by Inland Revenue

Inland Revenue is the central administrator of the KiwiSaver system. This includes transferring contributions made from your employer to your KiwiSaver provider, and any transfers between providers.

Information about joining, tax, opting-out or withdrawals – 

• KiwiSaver for individuals(external link) — Inland Revenue
• KiwiSaver for employers(external link) — Inland Revenue

Consultation open: Capital Markets Reforms

The Government is considering changes to KiwiSaver regulations to enable KiwiSaver providers to invest more in a broader range of assets, particularly those that are not listed on stock exchanges or in public ownership, known as ‘private assets’. This may include infrastructure projects or New Zealand start-up companies. Consultation closes on 14 February 2025.

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