Savings suspensions (formerly known as Contributions holidays)

Once you've been a KiwiSaver member for 12 months or more, and have been making regular contributions from your salary or wages, you can apply to Inland Revenue to take a savings suspension. Contact them on 0800 549 472 or 04 978 0800 or visit the website to download a savings suspension request form.

Each savings suspension can be between 3 months and 1 year.

2. You'll need to have been a KiwiSaver member for a year or more, unless you're suffering, or likely to suffer from, financial hardship. In that case, you can apply for an early savings suspension.*

3. There's no limit to the number of savings suspensions you can apply for. 

4. Stopping your contributions will affect the growth of your savings, so bear this in mind when thinking about taking a break.

* To support your application for an early savings suspension due to financial hardship, you should provide evidence of financial hardship for reasons beyond your control.


What happens on a savings suspension?

While you’re taking a savings suspension:

  • your employer won’t need to make compulsory employer contributions, but

  • you can still make voluntary contributions, if you choose.

Don’t forget that while you’re on a savings suspension, your KiwiSaver account will continue to be invested in the financial markets. 

This means it will still be affected by market volatility (only your employee deductions and employer contributions stop for the period of your savings suspension) and you’ll continue to see your balance go up and down.

KiwiSaver contribution status

Your KiwiSaver contribution status can be Active or Holiday

Active is your normal state, contributions are made automatically from your salary or wages.

Holiday will be displayed if no contributions are being deducted from your wages or salary.