Plan now for a better future

At a glance

KiwiSaver was created by the Government to help you save for your retirement and to support you in buying your first home. It’s 100% voluntary, but there are many benefits and extras to help you save: 

• ¹If you're aged between 18 and 65 and employed, you choose how much you want to contribute - either 3%, 4%, 6%, 8%, or 10% of your before-tax pay. Your employer will also contribute at least 3% of your before-tax pay.
• As long as you’re eligible² the Government will contribute 25 cents for every $1 of employee or voluntary contributions up to a maximum of $260.72 each year. To get the full amount you need to contribute $1,042.86 each KiwiSaver year, which works out to just over $20 per week.
• Help to buy your first home. You may also be able to withdraw from your KiwiSaver account after three years to put towards the purchase of your first home. 

KiwiSaver made easy with Fisher Funds

We partner with Fisher Funds, the provider of the Fisher Funds KiwiSaver Plan. Fisher Funds is a specialist investment manager and just like us, they’re dedicated to helping New Zealanders get ahead financially and achieve their retirement goals. TSB doesn’t provide specialist investment advice, but Fisher Funds’ advisers can help with your KiwiSaver questions and choosing the right investment strategy for you.

If you join the Fisher Funds KiwiSaver Plan, you can keep track of your account balance through your online banking or TSB app. You’ll see it on your accounts dashboard once you’ve logged in.   

Fisher Funds will also keep you up to date with regular communications about your KiwiSaver account. You'll also have online access through Fisher Funds Online and the Fisher Funds mobile app to check your total account balance, view your personalised investment performance, change your investment option and more.

Fisher Funds charges a fee to manage your investment in the Fisher Funds KiwiSaver Plan. The fees cover the costs associated with administering your Fisher Funds KiwiSaver Plan account. Please refer to Fisher Funds website for more details.

Contribution breakdown

Your contributions

• ¹You can choose to contribute 3%, 4%, 6%, 8%, or 10% of your before-tax pay.
• If you’re self-employed (and not paying PAYE) or not working, you can choose how much to contribute and how often.

Employer contributions

• ¹If you’re aged between 18 and 65, your employer will usually make a minimum contribution of 3% (or more – check this with your employer) of your before tax salary or wages.

Government contributions

• As long as you’re eligible², if you are aged between 16 and 65, the Government will contribute 25c for every $1 you contribute, up to a maximum of $260.72 each KiwiSaver year (1 July - 30 June).

You can also apply for a savings suspension after one year, to take a break from paying into your KiwiSaver account. It’s important to note that your employer doesn’t have to make contributions while you’re on a savings suspension, and your government contribution may also be affected.

Important information

1. From 1 April 2026, members aged 16 and 17 will be entitled to receive employer contributions. The minimum employee and employer contributions will increase to 3.5% on 1 April 2026 and then to 4% on 1 April 2028. You can apply for a temporary rate reduction and contribute 3%. There is no limit on the number of temporary rate reductions you can apply for. If you are on a temporary contribution rate reduction, your employer may also reduce their contributions.

2. To be eligible for the government contribution you must: 
    a. be a member of a KiwiSaver scheme; and 
    b. be 16 or over but under 65; and
    c. mainly live in New Zealand; and 
    d. have taxable income of $180,000 or less per annum; and
    e. have not made a life-shortening congenital condition withdrawal

If you meet the eligibility criteria for part of the KiwiSaver year, your government contribution will be pro-rated. If you’re eligible for the full year the Government will contribute 25c for every $1 you contribute, up to a maximum of $260.72 each KiwiSaver year. You need to contribute $1,042.86 each KiwiSaver year to ensure you receive the maximum government contribution. Your contributions can be made up of employee and voluntary contributions. More information is available about the government contribution.   

Fisher Funds Management Limited (‘Fisher Funds’) is the Issuer and Manager of the Fisher Funds KiwiSaver Plan (‘Plan’). TSB distributes the Plan on behalf of Fisher Funds but is not an issuer of the Plan. You can download a copy of the Product Disclosure Statement or pick up a copy from any branch. 

Investments in the Plan are not deposits or other liabilities of TSB. Neither TSB nor any other person guarantees (in part or full) interests in the Plan (including the repayment of any capital value or the performance of any investment in the Plan). Interests in the Plan are subject to investment risk including possible loss of income and principal invested.

Eligibility criteria, terms and conditions and fees apply.  See KiwiSaver account fees explained | Fisher Funds for more details around the different types of fees that are charged by Fisher Funds.