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You can access your KiwiSaver funds once you reach the qualifying age for New Zealand Superannuation, currently age 65, or – if you joined after you turned 60 and once you’ve been a member for 5 years.
You can withdraw all or part of your savings to use towards the purchase of your first home once you’ve been a contributing KiwiSaver member for three or more years. You must be buying your first property in New Zealand, to live in, not as an investment property. You have to leave a minimum of $1,000 in your KiwiSaver account after a withdrawal is made and funds transferred into your KiwiSaver account from an Australian Complying Superannuation Scheme cannot be withdrawn for the purchase of a home. For more information, read our free KiwiSaver first home withdrawal guide or watch the video.
You can also withdraw your KiwiSaver money if you are suffering serious financial hardship or serious illness. Rules apply which you can view here.
You can grow your KiwiSaver money by making contributions yourself, as well as receiving a boost from your employer and the Government. It is important to consider factors like how much you contribute, your investment fund choice and the tax you pay on investment earnings, may make a significant difference to your house deposit or retirement balance.
Your employer must contribute at least 3% of your before-tax salary or wages, but may also contribute at other rates.
To find out how much you're likely to need in retirement check out our Retirement Income Simulator.
Are you missing out on money from the Government? You can grow your KiwiSaver account by as much as $521 every year with Government Contributions*. This may have a significant impact on your future retirement savings.
If you are a member of the Mercer KiwiSaver scheme, ensure you’re eligible and on track to receive the maximum amount of $521.43. Log in to you Mercer KiwiSaver scheme account and go to "Your contributions” where you can check how much you've contributed and can top up your account to be sure you reach the $1042.86 target by 30 June each year (if the last day or two fall on the weekend, please make a payment earlier as the money has to reach us by close of business day on Friday).
*Eligibility criteria apply. Find out more at https://www.kiwisaver.govt.nz/new/benefits/mtc/
Knowing all the facts could save you money and maximise your returns. Find out the latest investment performance information here.
Growing your KiwiSaver money
You can grow your KiwiSaver money by making contributions yourself, as well as receiving a boost from your employer and the Government. It is important to consider factors like how much you contribute, your investment fund choice and the tax you pay on investment earnings, may make a significant difference to your house deposit or retirement balance.
Your employer must contribute at least 3% of your before-tax salary or wages, but may also contribute at other rates.
To find out how much you're likely to need in retirement check out our Retirement Income Simulator[WA1] .
Mercer KiwiSaver Benefits
Knowing all the facts could save you money and maximise your returns. Find out the latest investment performance information here.
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