Employers can choose a preferred KiwiSaver scheme. Staff members who do not choose a scheme for themselves will be allocated to their employer's preferred KiwiSaver scheme, if their employer has selected one.
Employers who choose a KiwiSaver scheme for staff members will need to provide them with a copy of the chosen scheme's product disclosure statement. If a staff member does not actively choose their own KiwiSaver scheme, or they are not allocated to their employer’s chosen scheme, the Inland Revenue (IR) will assign the staff member to a default scheme.
Download the Westpac KiwiSaver Scheme employer choice form
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BT Funds Management (NZ) Limited
PO Box 6088
Wellesley Street
Auckland 1141
Or fax it back to (09) 367 3301
Compulsory employer contributions are 3% of an eligible employee's gross salary or wages.
Employers will generally be required to contribute if the employee is:
Employer Superannuation Contribution Tax (ESCT) is deducted from employers’ KiwiSaver contributions before the contributions are credited to an employee’s KiwiSaver account via IR. Please refer to the Inland Revenue website link and/or the Westpac KiwiSaver Scheme Product Disclosure Statement for more information.
