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Glossary term

KiwiSaver

NZ retirement savings scheme

🇳🇿New Zealand · Tax Year 2026/27Reviewed Plain-English
Definition

What is KiwiSaver?

KiwiSaver is New Zealand's workplace retirement scheme. Default contribution 3% of salary, matched by employer 3% minimum, plus up to $521/year member tax credit. Accessible at 65 (or first home withdrawal if eligible). Default fund choice; can switch to balanced, growth, or conservative.

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