So you want to opt-out of KiwiSaver?

Before you decide to throw it in, check out what you’ll miss out on.

  • With KiwiSaver you can get up to $521 a year from the Government, for saving the equivalent of just $20 a week.1
  • Your employer is required to contribute 3%.2
  • You can use your KiwiSaver savings to purchase your first home, and KiwiSaver members may qualify for Housing NZ grants of up to $5,000.3

Questions? Email us or phone us during business hours on 0800 427 384. Or get on to it and apply to join us now. It only takes a few minutes.


1If you are eligible the Government will contribute 50 cents per dollar of your KiwiSaver contributions up to a maximum of $521 per annum. These rates are current at the time of publication but are subject to legislative change. More information about eligibility and conditions are available on our Government Contributions page.

2Only for those members who are contributing through their pay and not yet eligible to withdraw. Employers may not have to contribute to KiwiSaver for you if they are already contributing to another superannuation scheme which meets certain criteria. Employers are required to contribute at least 3% to your KiwiSaver Scheme.

3After three years in KiwiSaver, members can withdraw some of their KiwiSaver money to help them purchase their first home. In addition to this some members may also be eligible for a first home deposit subsidy of up to $5,000 through Housing New Zealand. More information is available on our First Home Withdrawal page.