What issues do people interested in joining their children up to KiwiSaver need to be aware of?

Please note that if you sign your child up to KiwiSaver, they will not be eligible for Government Contributions until they turn 18. (Note that the availability of Government Contributions is set by legislation and could be changed or suspended at any time).


If they are signed up before they start work they won’t be required to make any contributions, but once they start a job, even if it’s a part-time job, contributions will be taken out of their pay before they receive it.

They will need to decide if they contribute 3%, 4%, 6%, 8% or 10% of their salary, or take a Savings Suspension. Children under the age of 18 aren’t entitled to compulsory contributions from their employers.  

If your child isn’t working, and if you (or your child) aren’t making any contributions to the account, then fees, charges and inflation could eat away at any amount invested over time. Fees and charges will usually apply to a KiwiSaver account regardless of whether contributions are being made to the account or not.