Understand how KiwiSaver works and how it can benefit your financial future.
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.
How contributions work.More on contributions
You pay in
Your employer pays in
The Government pays in
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.
Join or transfer to the Westpac KiwiSaver Scheme.
Login to Westpac One®
Check your Westpac KiwiSaver Scheme account balance and make any changes with online banking.
Talk to a specialist
Get in touch to talk about KiwiSaver with an expert.
KiwiSaver fund updates
Keep up to date and informed with our investment fund updates and more.
Things you should know.
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.
The ratings issued by SuperRatings Pty Ltd ABN 95 100 192 283 AFSL 311880 (SuperRatings) for the 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 a financial adviser service under the Financial Advisers Act 2008 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. © 2020 SuperRatings. All rights reserved.