Why you're in the Westpac KiwiSaver Scheme.

If you're wondering how you got signed up to Westpac, it's because either you or your employer didn't choose a particular KiwiSaver provider. In this case, you are assigned to one of the government-appointed default providers. The good news is you were assigned to the gold-rated Westpac Kiwisaver Scheme1.

Get sorted and start making the most of it.

Joining the Westpac KiwiSaver Scheme is a great start – now it's essential you finish setting up your account and really put your savings to work for you. Use our KiwiSaver Fund Chooser to find the best Westpac KiwiSaver Scheme fund for you or learn more about KiwiSaver by reading our KiwiSaver basics.

What do you need to update?

Your fund choice

When you were enrolled in the Westpac KiwiSaver Scheme, you were automatically assigned to the Westpac KiwiSaver Default Fund. This fund is designed as a conservative fund – it gives you a low level of returns along with generally only small ups and downs in your balance. This may not be the best option for you and staying in a fund that isn't right for you could mean you miss out on a higher balance over the long term. Our KiwiSaver Fund Chooser takes only a few minutes and you can quickly find out what fund works for your situation.

Your details

When you joined, Inland Revenue provided us with the contact information they held for you. It's important to make sure that what was given is the most up to date so we can keep in touch. You can do this by logging into Westpac One® online banking. If you don't have your login details, call us and we can help.

Your tax rate

To make sure you're not paying too much or too little tax, it's important to let us know your PIR (Prescribed Investor Rate). If we don't have this confirmed, your KiwiSaver income may be taxed at the higher rate of 28%. Learn more on the right tax rate.

Your contribution rate

If you didn't chose a contribution rate when you joined up, your KiwiSaver contributions will automatically be 3%. This is the lowest rate available. However, stepping up to just 4% of what you earn – or 6%, 8% or 10% – can add up to thousands of extra dollars over time. Learn more on how contributions work.

Next steps.

Login to Westpac One®

Check your Westpac KiwiSaver Scheme account balance and make any changes online.

Westpac One

Talk to a specialist

Get in touch to talk about KiwiSaver with an expert.

Talk to us

Things you should know.

The ratings issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings) for Westpac KiwiSaver Scheme, Gold  is as of 13 October 2020. SuperRatings does not guarantee the data or content contained herein to be accurate, complete or up-to-date, and it will not have any liability for its use or distribution. Ratings are not financial advice for the purposes of the Financial Markets Conduct Act 2013. Consider your personal circumstances, read the product disclosure statement and seek independent financial advice before investing. SuperRatings uses objective criteria and receives a fee for publishing awards. Visit superratings.com.au for ratings information and to access the full report. © 2021 SuperRatings. All rights reserved. 

References to non-Westpac websites are provided for your convenience only. Westpac accepts no responsibility for the availability or content of such websites.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is the distributor, of the Westpac KiwiSaver Scheme (Scheme).

The information above is subject to changes to government policy and law, and changes to the Scheme from time to time.

Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac Group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac Group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.

For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.