We partner with Fisher Funds, our chosen KiwiSaver provider.
Key features & benefits
-
If you're a Kiwibank customer, you can see your Fisher Funds KiwiSaver Plan account balance in the Kiwibank mobile app or internet banking.
-
Fisher Funds has a responsible investment policy that applies to all of their funds.
-
The Fisher Funds investment team balance risk and return in line with the investment objectives of the funds.
-
Fisher Funds has an experienced and friendly team of advisers and an award-winning Client Experience Team to help you on your investment journey.
How the Fisher Funds KiwiSaver Plan works
-
Choice of funds
Pick one or choose a mix of: Cash, Default Conservative, Conservative, Default, Balanced, Growth and Aggressive.
Each fund has a different level of risk, so finding the best option for you depends on factors such as how much risk you're comfortable with and when you plan on using the money.
You can also choose whether to use GlidePath, Fisher Funds' automatic investment service. GlidePath adjusts your investment fund mix based on your age. Seek free, no-obligation advice from Fisher Funds before selecting this if you plan on using KiwiSaver to buy your first home.
-
Fees
Fees are charged based on the type of investment fund(s) you choose — or your GlidePath investment fund mix, if you select GlidePath.
There's no extra charge for GlidePath.
To read more about fees that may apply visit fisherfunds.co.nz.
-
Your balance
If you're a Kiwibank customer, you can see your Fisher Funds KiwiSaver Plan account balance alongside your accounts in the Kiwibank mobile app or internet banking.
If it isn't showing, contact Fisher Funds at enquiries@fisherfunds.co.nz.
KiwiSaver basics
KiwiSaver is a voluntary savings initiative designed to encourage Kiwi to save for retirement. You can also dip into it to help you buy your first home.
Contributions
Employer & government contributions
If you’re aged between 18 to 65 years old, working and contributing to KiwiSaver, your employer must contribute at least 3% of your pre-tax salary or wages. If you're aged between 18 to 65 years old, contributing to your KiwiSaver account, and live in New Zealand, the government also chips in $0.50 for each dollar you contribute, up to a maximum of $521.43 per year.
Your contributions
- If you’re working you can choose to contribute 3%, 4%, 6%, 8% or 10% of your pre-tax salary or wages. If you don’t choose a contribution rate, the default rate is 3%. Money will automatically be deducted from your pay and sent to Fisher Funds via Inland Revenue.
- If you’re self-employed or not working, you can contribute directly. With Fisher Funds, you can make direct contributions through internet banking, bill payment or direct debit of any amount.
- If you’re self-employed and pay yourself through the PAYE system you'll be treated as an employee and must make employer contributions.
- All investors can also make voluntary lump sum or regular contributions at any time.
Getting your money out
When you turn 65
You can get your money out when you reach 65. See the Fisher Funds KiwiSaver Plan Product Disclosure Statement for more information about withdrawals over at fisherfunds.co.nz.
Before you turn 65
Your KiwiSaver investment is generally locked in until you turn 65, but there are limited circumstances where you may be able to withdraw some or all of it before then:
- Buying your first home
- Serious illness, including injury, illness or disability that results in you being totally and permanently unable to engage in work for which you're suited by reason of experience, education or training, or any combination of those things; or that poses a serious and imminent risk of death.
- Significant financial hardship
- Life shortening congenital condition
- Permanent emigration
- If you’ve transferred money from an Australian complying superannuation scheme, when you reach age 60 and satisfy the Australian ‘retirement’ definition.
Depending on what type of withdrawal you're making it generally can take between 10 – 15 working days to process.
When a KiwiSaver member dies
If you pass away while you're a member of a KiwiSaver scheme, upon application to that scheme, your full account balance will be paid to your estate.
Helping you reach your goals
Buying your first home
If you’ve been in KiwiSaver for at least three years and you meet the eligibility requirements, you might be able to withdraw some of your KiwiSaver investment to go towards buying your first home.
Preparing for your retirement
No matter how far away it is, it's worth thinking about your retirement. Fisher Funds has guides, articles and tools to help you to get the most out of your investment in time for your retirement.
Join the Fisher Funds KiwiSaver Plan
You can join KiwiSaver if you're a New Zealand citizen or entitled to live in New Zealand permanently, and you're living or normally living in New Zealand (or you're a States Services employee serving outside of New Zealand).
If you're transferring from another KiwiSaver scheme and you meet the above criteria, you can also apply to join.
New to Kiwibank?
No problem, just complete Fisher Funds' short online form.
Join over at fisherfunds.co.nzAlready a Kiwibank customer?
If you have internet banking, you can apply online through internet banking.
Log in to Internet BankingFisher Funds KiwiSaver Plan
Fisher Funds Management Limited is the issuer and manager of the Fisher Funds KiwiSaver Plan (Plan). Download the Product Disclosure Statement for the Plan by visiting fisherfunds.co.nz.
Kiwibank Limited (Kiwibank) refers Kiwi to the Plan for fulfilment of their wealth needs. Kiwibank may receive a payment from Fisher Funds if you join the Plan.
Investment in the Plan does not represent a bank deposit or other liability of Kiwibank. Investment in the Plan is subject to investment risk including possible decrease in value as the value of the investment can go up and down. No person, including the Crown or Kiwibank, guarantees the repayment of investments in the Plan or the payment of any returns on investment in the Plan.