Home > Services > KiwiSaver

ILG assists clients in their financial security and are promoting KiwiSaver.  AMP has one of the lowest fees in the market. Click the button to transfer or join now.


What is KiwiSaver?

KiwiSaver is a voluntary work-based savings initiative that makes it easier for you to save for your future. KiwiSaver makes it easier to save because money is put into a KiwiSaver scheme from your weekly, fortnightly or monthly pay.

Once you join KiwiSaver your savings are locked-in until you reach the age of eligibility for New Zealand Superannuation (currently 65), or for five years for people who join after age 60.

KiwiSaver offers a number of benefits including:

  • A one-off kick-start of $1,000
  • An annual tax credit to your KiwiSaver account of up to $10 per week (approximately $520 per annum). Conditions apply
  • Compulsory contributions from your employer

You can choose to contribute 3%, 4% or 8% of your gross (before tax) salary or wages to KiwiSaver and in most cases your employer must contribute a minimum of 3% of your gross salary or wages to KiwiSaver. Please note that the Government has proposed to increase the minimum employee and minimum compulsory employer contribution rate from 2% to 3% from 1 April 2013.

Who can join?

You can join KiwiSaver if you’re:

  • Under the age of eligibility for New Zealand Superannuation (currently 65),
  • A New Zealand citizen, or entitled to live in New Zealand indefinitely, and
  • Living or normally living in New Zealand.

Enrolment in KiwiSaver will be automatic for all those starting a new job (with some exceptions), although employees automatically enrolled will have the chance to opt out (within a specified timeframe). Other people can choose to opt in to KiwiSaver but can’t then opt out.

For more information please see the links below...

The information on this web page has been produced and supplied by AMP Services (NZ) Limited as manager of the AMP KiwiSaver Scheme. It is a summary of KiwiSaver only and is believed to be accurate at the time of release (July 2011). Please refer to www.kiwisaver.govt.nz or www.amp.co.nz for more information. AMP Services (NZ) Ltd, The New Zealand Guardian Trust Company Limited and related companies do not accept liability for, or consequence, of any error or omission.

A disclosure statement is available on request and free of charge from your adviser.