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Changes to KiwiSaver

There is lots happening in the world of KiwiSaver over the next couple of months. We want to make sure you’re across everything that’s going on.

Changes to the Kiwi Wealth KiwiSaver Scheme

We’ve carried out a review of the Kiwi Wealth KiwiSaver Scheme and we’re making some adjustments to our fees and how the asset allocation in some of the investment funds is structured.

The fee changes will take effect on 1 April 2019 and the asset allocation changes will take effect on or around 30 April 2019.

The table to the right shows our current fund structure and what the revised fund structure will look like once the changes are in effect.

Wondering if you are still in the right fund?

We recommend that all members regularly review their KiwiSaver fund choice.

We have designed a “Choose your Investment Direction” questionnaire which has been updated to reflect the changes to help you with this.

This can be used to help you understand your attitude towards investment risk and which fund may be the best choice for you.

Download the questionnaire

Please note that the fund changes will not be reflected in our online risk profile tool until 1 April.

Government changes to KiwiSaver

We expect a number of Government changes to KiwiSaver that will begin to roll out from 1 April. 
The changes include:

  • Introduction of two new employee contribution rates, 6% and 10%, which will be added to the existing rates of 3%, 4% and 8%.
  • Renaming of Contribution Holiday to Savings Suspension.
  • Reduction of maximum Savings Suspension period from 5 years to 1 year
Alternatively, if you have questions about the changes, our Customer Service team is here to help.
You contact them by email or call them during business hours 0800 427 384.