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Budget 2024 | The Government has announced proposed changes to personal income tax, the independent earner tax credit, in-work tax credit, the minimum family tax credit and the interest rate charged for overseas based student loans. They have also provided more information on FamilyBoost. Find out more: www.budget.govt.nz

What
A voluntary retirement savings scheme to help you save for your future.
Rate
3%, 4%, 6%, 8% and 10% of salary

Our role in KiwiSaver

Inland Revenue is the central administrator of KiwiSaver. We provide information on the goals and benefits of KiwiSaver to help people decide whether it is right for them. We keep track of overall KiwiSaver membership and ensure KiwiSaver deductions from employers are passed onto the member's scheme provider.

We also oversee the following functions:

  • opt outs
  • savings suspensions
  • paying any Government contributions to a members of KiwiSaver scheme.  

Inland Revenue does not provide financial advice or help people choose which KiwiSaver scheme to belong to. Members should look to the Commission for Financial Capability, and the Sorted.org.nz website in particular for information to assist them with these important decisions.

Once a person becomes a member of a KiwiSaver scheme, the member's primary relationship is with their scheme provider.