What is KiwiSaver?

KiwiSaver is a long-term saving scheme which helps you save for a first home or for when you turn 65. You, your employer and the government can all make contributions.

You choose how much to pay in and an investment fund that suits. As life changes, you can tailor your KiwiSaver to keep your savings on track and working for you. Get help choosing your fund or learn more about how contributions work.

Using your KiwiSaver.

To buy your first home

Saving to buy or build your first home with KiwiSaver.

KiwiSaver for your first home

When you turn 65

You can access your money or continue to grow your investment once you reach 65.

KiwiSaver at 65

How contributions work.

More on contributions

You pay in

Regular contributions come out of your wages or salary automatically. You can also contribute yourself, for example if you aren't working or are self-employed.

Your employer pays in

If you are an employee, your employer normally pays 3% of your before-tax pay into your KiwiSaver too.

The Government pays in

The Government will also pay 50 cents for every dollar you put in, (up to a maximum of $521.43 each year).


Your money generates returns. All your contributions are invested and will normally generate investment returns.
Learn more in our guides

Time in the market, not timing the market.

Investments go up and down in value, so sometimes the balance of your KiwiSaver account may drop. That's why a more conservative fund is best if you're going to need your money soon, for a first home, for instance. A conservative fund means your money is more likely to be there when you need it. Over the long term though, sitting in a conservative fund is likely to mean you end up with less money than if you'd been in a growth or balanced fund.

Over time, market peaks and troughs get smoothed out. The general trend is for diversified investment funds to increase in value over time. If you have plenty of time before you need your money, and you don't mind seeing some ups and downs on the way, a higher-growth fund will likely mean you end up with more money than if you'd been in a conservative fund.

Next steps.

Join now

Join or transfer to the Westpac KiwiSaver Scheme.

Get started

Login to Westpac One®

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

Westpac One

Talk to a specialist

Get in touch to talk about KiwiSaver with an expert.

Talk to us

KiwiSaver fund updates

Keep up to date and informed with our investment fund updates and more.

KiwiSaver fund updates

Things you should know.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is a 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.