Kiwibank now distributes the Kiwi Wealth KiwiSaver Scheme. The Kiwibank KiwiSaver Scheme continues to operate for existing members, but we’re not taking any new applications to join or transfer.
We intend to write to our Kiwibank KiwiSaver Scheme customers about transferring over to the Kiwi Wealth KiwiSaver Scheme (formerly called the Gareth Morgan KiwiSaver Scheme) later this year. More about the Kiwi Wealth KiwiSaver Scheme
You can make changes to your Kiwibank KiwiSaver Scheme account at your local Kiwibank, over the phone or in internet banking. You can:
The first two changes to your investment options, funds, or Self Managed investment mix in any 12 month period (starting from your enrolment date) are free. After that a switch fee will apply.
If you’ve been making contributions from your pay for 12 months or more, you can take a contributions holiday of between 3 months and 5 years. You don't need to provide a reason. In some cases Inland Revenue may agree to a holiday of less than 3 months.
There’s no limit to the number of times you can take a contributions holiday and you can renew it at any time.
To apply for a contributions holiday you can:
There are some circumstances where you can apply to withdraw some or all of your investment early. You can read more about them on the KiwiSaver website.
To request a withdrawal, complete the relevant withdrawal form and drop it in to your local Kiwibank, or send it to us:
Download the Investment Statement for the Kiwi Wealth KiwiSaver Scheme (PDF 301 KB) or pick up a copy from your local Kiwibank.
Kiwi Wealth Limited (formerly called Gareth Morgan KiwiSaver Limited) is the Issuer and Manager of the Kiwi Wealth KiwiSaver Scheme (the Scheme) and is a related company of Kiwibank Limited. Kiwibank is a distributor but is not an issuer or promoter of the Scheme. Investments made in the Scheme do not represent bank deposits or other liabilities of Kiwibank and neither they nor any other person guarantees the repayment of members’ interests in the Scheme or the payment of any earnings or returns on investment in the Scheme. Investments in the Scheme are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances and loss of investment value.
The Kiwibank KiwiSaver Scheme closed to new members as from 5 December 2012. It continues to operate for existing members, but no applications will be accepted to join or transfer into it on or after 5 December 2012.
Kiwibank Investment Management Limited is the Issuer and Manager of the Kiwibank KiwiSaver Scheme. Trustees Executors Limited is the Trustee of the Kiwibank KiwiSaver Scheme. Kiwibank Limited and each of its directors are Promoters of the Kiwibank KiwiSaver Scheme. Units in the Kiwibank KiwiSaver Scheme do not represent deposits or other liabilities of Kiwibank Limited.