KiwiSaver for the Self Employed, Under 18 or not working

If you're self-employed

Just because you’re self-employed doesn’t mean you have to miss out on KiwiSaver and some of the great benefits it has to offer. To join KiwiSaver, you’ll need to select a scheme provider and apply directly. You’ll need to check the minimum contribution amount and the conditions of your membership with your scheme provider (you can do this by requesting a copy of their Product Disclosure Statement).

If you’re regularly contributing to KiwiSaver (and over 18) you’ll receive an annual member tax credit to your KiwiSaver account of up to $10 per week. Conditions apply.

If you’ve been a member of KiwiSaver for three years you may be able to withdraw your savings (except the $1,000 which must be left in your KiwiSaver account) to put towards buying your first home. Conditions apply. If you qualify, you may be entitled to a first home deposit subsidy of up to $5,000. For more information and eligibility criteria visit www.hnzc.govt.nz.

If you're under 18

Joining KiwiSaver early can be a great way to get a head start on your retirement savings and take advantage of the help offered to first homebuyers when you get older. If you’re under 18 years of age (or are a parent wishing to enrol their child in KiwiSaver), you can simply select a KiwiSaver scheme provider and apply directly.

Under 18s are not entitled to member tax credits and you should check the minimum contribution amount and the conditions of your membership with your chosen scheme provider (you can do this by requesting a copy of their Product Disclosure Statement).

If you're not working

If you’re not working and wish to join KiwiSaver, you can simply select a scheme provider and apply directly. You’ll need to check the minimum contribution amount and the conditions of your membership with your scheme provider (you can do this by requesting a copy of their Product Disclosure Statement). You can make contributions directly to your scheme provider, or via Inland Revenue.

If you’re regularly contributing to KiwiSaver (and over 18) you’ll receive an annual member tax credit to your KiwiSaver account of up to $10 per week. Conditions apply. If you qualify, you may be entitled to a first home deposit subsidy of up to $5,000 (for more information and eligibility criteria visit www.hnzc.govt.nz).

If you decide to join KiwiSaver and later become an employee, contributions will be deducted from your salary or wages, unless you take a contributions holiday.