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: 

• If you’re employed and aged between 18 and 65 years old, your employer contributes 3% of your gross pay.
• If you're employed, you choose what you want to contribute - either 3%, 4%, 6%, 8%, or 10% 
• The government will contribute up to $521.43 towards your retirement savings. To get the full amount you must contribute at least $1,042.86 of your own money through employee contribution or voluntary contributions.
• Help to buy your first home. You may also be able to withdraw from your KiwiSaver account after three years to put towards your deposit. Plus, you may also be eligible for a Kāinga Ora First Home Grant of up to $10,000² 

Watch your savings grow

We have a partnership with the Fisher Funds KiwiSaver Scheme. Fisher Funds are a specialist investment manager and just like us, they’re dedicated to helping New Zealanders get ahead financially and to achieve their retirement goals. TSB doesn’t provide specialist investment advice but our partners at Fisher Funds have advisors who can help you make a decision about KiwiSaver.

You can keep track of your month-end Fisher Funds KiwiSaver Scheme 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 communication about your savings progress. You'll have 24/7 online account access, receive monthly e-newsletters and online reports about your own KiwiSaver account balance, where your money is invested; and the performance of each fund. 

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

Contribution breakdown

Your contributions

• You can choose to contribute 3%, 4%, 6%, 8%, or 10% of your gross pay
• If you’re self-employed or not working, you can choose how much to contribute and how often

Employer contributions

• Your employer will make a minimum contribution of 3% of your gross salary or wages if you are aged between 18 and 65 years old

Government contributions

• If you are aged between 18 and 65 years old, the Government will contribute $0.50 for every $1 you contribute, up to a maximum of $521.43 per 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.

Don’t forget to read this bit

1. To be eligible for the Government contribution you must: 
        a. be 18 or over but under 65 
        b. not yet entitled to withdraw for retirement; and 
        c. be resident in New Zealand for most (more than six months) of the KiwiSaver year (1 July to 30 June)
   
   If you meet the eligible criteria but are only contributing to KiwiSaver for part of the year, your Government contribution will be pro-rated. If you’re contributing for the full year the Government will contribute $0.50 for every $1 you contribute, up to a maximum of $521.43 per 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 here. 
    
2. To view the First Home Grant criteria and check eligibility, visit the Kāinga Ora – Homes and Communities website.

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

Investments in the Scheme are not deposits or other liabilities of TSB. Neither TSB nor any other person guarantees (in part or full) interests in the Scheme (including the repayment of any capital value or the performance of any investment in the Scheme). Interests in the Scheme 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.