How do I opt out of KiwiSaver?

You can only opt out of KiwiSaver if you are a new employee who has been automatically enrolled.

Who can opt out?

  • If you actively chose to join KiwiSaver then you can’t opt out – but you may be able to take a savings suspension.
  • If you have been automatically enrolled, then you can opt out.
  • If you are less than 19 years old, then you may be able to opt out.

To opt out you need to complete a New employee opt-out request form (KS10) and give it to your employer or Inland Revenue.

When can you opt out?

You can opt out in the first 2 – 8 weeks of beginning a new job – you can’t opt out within the first 2 weeks. After 8 weeks, you can’t opt out, however you may be able to apply for a late opt out, or an early savings suspension providing you meet certain eligibility.

You can learn more about late opt outs how long it takes to have your contributions refunded by Inland Revenue here.

What happens if you can’t opt out?

Generally, you must wait until you are eligible to receive NZ Superannuation to withdraw the money in your KiwiSaver account. In some situations, providing you meet certain eligibility requirements, you may be able to access some of the money in your KiwiSaver account early – you can read more on how the different types of withdrawals here.