ANZ KiwiSaver Scheme

A registered prospectus has been registered with the Registrar of Financial Service Providers. Read the registered prospectus (PDF 5.24MB).

The ANZ KiwiSaver Scheme is designed to help you save for your retirement, with all the Government-assisted benefits of KiwiSaver, including a $1,000 kick-start, member tax credits and a first home deposit subsidy*.

Note, OnePath (NZ) Limited is the Scheme Provider, Promoter, Administration and Investment Manager of the ANZ KiwiSaver Scheme. OnePath (NZ) Limited is wholly-owned by ANZ National Bank Limited (“ANZ”).

Use our ANZ KiwiSaver Scheme calculator to give you an idea of what you could potentially save with KiwiSaver!

Employer contributions
Your employer will generally be required to contribute 2% of an employee’s gross salary or wages where an employee is contributing to  KiwiSaver. It’s proposed that the employer contribution will rise to 3% of gross salary or wages from 1 April 2013.
Employee contributions

You can elect a base contribution rate equal to 2%, 4% or 8% of your gross salary or wages.

If you do not elect a base contribution rate, your contributions will be deducted at the default contribution rate of 2%. This amount will be deducted from your after-tax salary or wages by your employer. It’s proposed the minimum employee contribution rate and default contribution rate will rise to 3% of gross salary or wages from 1 April 2013.

All ANZ KiwiSaver Scheme members can make regular contributions by direct debit (PDF 283kB).

Lump-sum contributions
You can make additional lump-sum contributions to your ANZ KiwiSaver Scheme account at any time by completing a lump-sum contribution form (PDF 71kB).
Contributions holiday

12 months after your first contribution, you can apply to Inland Revenue to take a 'contributions holiday' and stop making contributions for a period of between three months and five years. At the end of the period, your contributions will resume unless you reapply to Inland Revenue to renew the contributions holiday.

If you're suffering, or likely to suffer, from financial hardship, you can apply earlier to Inland Revenue for a short contributions holiday of three months (or more if Inland Revenue agrees). Conditions apply.

The following Government benefits are available to all KiwiSaver members.

$1,000 Government
kick-start

When you join a KiwiSaver scheme for the first time the Government will contribute $1,000 tax free to your KiwiSaver account to kick-start your retirement savings.

Help for
first home buyers*

After three years in a KiwiSaver scheme, you can apply:

  • to make a one-off withdrawal from your KiwiSaver account to help you buy your first home*. Please contact us on 0800 736 034 if you'd like to find out more about eligibility criteria and the application process.
  • for a Government first home deposit subsidy of up to $1,000 for each year you've been saving through a KiwiSaver scheme (up to a maximum of $5,000) to put towards your first home.* And if your partner is also a KiwiSaver member you can combine your subsidies. The subsidy is administered by Housing New Zealand Corporation - to find out more about eligibility criteria and the application process, visit the Housing New Zealand website or phone 0508 935 266. The above benefits are also available to second-chance home buyers in certain circumstances. A second-chance home buyer is someone who is in the same financial position as a first home buyer and is certified as such by Housing New Zealand Corporation. This benefit does not apply to the purchase of leasehold properties. For more information visit the Housing New Zealand website.
  • if you qualify for a subsidy or withdrawal, the funds will be paid directly to your solicitor for the purpose of settling your house purchase.
Member tax credits

If you're aged 18 and over, the Government will contribute 50 cents for each dollar you contribute up to a maximum of $521.43 per year (approximately $10 per week) in the form of a member tax credit. To receive the maximum member tax credit of $521.43, you will need to contribute $1,042.86 per year. This will be paid to your KiwiSaver account, after each 12 month period ended 30 June, until you’re eligible to withdraw from KiwiSaver at age 65 or after having been a KiwiSaver member for five years, whichever is later.*

Tax free
employer contributions

Until 31 March 2012, employer contributions for contributing employees aged 18 or over who have not reached their KiwiSaver end payment date are not subject to employer's superannuation contribution tax (ESCT) (i.e. are payable tax free) up to a maximum of 2% of the employee's gross salary or wages. From 1 April 2012 all employer contributions will be subject to ESCT.

* Certain eligibility criteria apply and not all members will qualify.

Managed funds
All ANZ KiwiSaver Scheme funds are managed by OnePath (NZ) Limited, one of the largest fund managers in New Zealand**. The ANZ KiwiSaver Scheme is distributed through ANZ.
Availability
The ANZ KiwiSaver Scheme is open to any person under the age of 65, who is entitled to permanently reside in New Zealand and is currently living in New Zealand.*
Investment options

Choose from our range of investment options:

Lifetimes option^

The ANZ KiwiSaver Scheme's Lifetimes option^ automatically transitions you through the various funds depending on which of the following age brackets you fall into: 0-35, 36-45, 46-55, 56-60, 61-64, 65+.

If the Lifetimes option^ doesn't suit your personal circumstances you can choose your own fund, or funds, from the investment options available.

Locked-in savings
In most cases you won't be able to access your savings until you reach the age of eligibility for New Zealand Superannuation (currently age 65) or until you have been a member of a KiwiSaver scheme for five years, whichever is the later.
Early withdrawal

In certain circumstances (such as significant financial hardship, serious illness or permanent emigration^^) you can apply to withdraw your ANZ KiwiSaver Scheme savings before you reach retirement.*

After three years of membership in a KiwiSaver scheme, you can also apply to make a one-off withdrawal from your ANZ KiwiSaver Scheme account to help you buy your first home.*

Fees and charges

* Certain eligibility criteria apply and not all members will qualify.

** FundSource Wholesale and Retail Managed Funds Industry Trends & Market Composition Report, June 2011.

^ From time to time the age ranges applying to the various investment funds included in the Lifetimes option may change, and investment funds relating to certain age bands may be added or deleted. If such changes are made, we will communicate these to members who have selected the Lifetimes option.

The Lifetimes option has been designed on a general basis; and does not assess information about your personal financial situation.  Therefore if you require personalised financial advice about which fund you should invest in, or if you require help at any time, please call Wealth Direct on 0800 269 238. All investments in the funds involve risk which may result in the loss of money invested. Please refer to the Taxation section of the ANZ KiwiSaver Scheme Investment Statement for an explanation of the tax implications when switching funds (including when your investment is automatically switched to another fund as part of the Lifetimes option).

^^If and when the legislation permitting Trans-Tasman superannuation transfers comes into force, if you permanently emigrate from New Zealand to Australia you may transfer your savings (including any member tax credits) to an Australian complying superannuation scheme (subject to certain conditions) but you will not be able to withdraw your retirement savings in cash until otherwise permitted under the KiwiSaver Act 2006.

How to apply

For more information or to apply for the ANZ KiwiSaver Scheme contact an ANZ Customer Service Consultant:

Telephone icon
Call 0800 500 648
Enquire online icon
Enquire online
Visit branch icon
Visit your nearest ANZ branch

* Certain eligibility criteria apply and not all members will qualify.

Certain aspects of the ANZ KiwiSaver Scheme and all other KiwiSaver schemes, such as minimum contribution levels, the Government incentives and the circumstances in which benefits may be withdrawn, are prescribed in KiwiSaver legislation. The legislation may be amended from time to time by the Government and any such amendment may impact on the scheme.

Guardian Trust Superannuation Trustees Limited (“GTSTL”) is the Trustee and currently the Issuer, OnePath (NZ) Limited (“OnePath”) is the Scheme Provider, Promoter and Administration and Investment Manager, and ANZ National Bank Limited (“ANZ”) is the Distributor of the ANZ KiwiSaver Scheme (the “Scheme”). Units or interests in the Scheme do not represent deposits or liabilities of ANZ.  Units and interests are subject to investment risk, including possible delays in repayment and loss of income and principal invested. No entity* guarantees (either partially or fully) the capital value or performance of any products issued or managed by OnePath, including the Scheme. *Please note, this includes OnePath, ANZ, Australia and New Zealand Banking Group Limited (“ANZ Group”), GTSTL, their respective directors, any member of their respective groups of companies and any other person.  

This information is current as at 23 September 2011.

This is for information purposes only.  Its content is intended to be of a general nature, does not take into account your financial situation or goals, and is not a personalised financial adviser service under the Financial Advisers Act 2008. It is recommended you seek advice from a financial adviser which takes into account your individual circumstances before you acquire a financial product. If you wish to consult one of ANZ’s financial advisers, please contact Wealth Direct on 0800 269 238.

Terms defined and references construed in this webpage have the same meaning and construction set out in the current Investment Statement.

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