About KiwiSaver

KiwiSaver is a government initiative designed to give New Zealanders financial freedom by helping them save for retirement and can facilitate buying a first home.

In essence, it is a savings scheme with incentives that are too generous to ignore.

The evidence is clear, New Zealand’s savings culture is changing thanks to KiwiSaver.

Since the inception of KiwiSaver in 2007, over 1.2 million Kiwis have chosen to secure their future by joining KiwiSaver.

It is an opportunity every New Zealander under 65 should be taking advantage of, including your children.

Our objective is simple – to protect and build your wealth so you can enjoy a better standard of living in retirement. There are a number of reasons why we are one of the largest and fastest growing KiwiSaver schemes in the county, and for that I am proud to be associated with Mike Pero Saver* and it is my pleasure to invite you to invest with us.

Yours sincerely,

Don Brash
Executive Chairman / Chief Investment Officer
Huljich Wealth Management (New Zealand) Limited

KiwiSaver really is for everyone

The benefits are so good, if you are under 65 you should consider joining.
It doesn’t matter whether you’re:

• in a job
• working for yourself
• already retired
• in between employment
• already saving
• saving for a first home
• a student
• a child
• a stay-at-home spouse
• or an employer...

The benefits can make a very real difference to your life

If you are an employee
If you are self-employed or not employed (18 or over)
If you are not employed
If you have children (under 18)
If you are an employer

If you are an employee

You will receive a $1,000 kick-start contribution from the government.

The government will also match your contributions up to the equivalent of $20 per week ($1,042.86 per year) if you're over 18.**

Your employer must (in most cases) contribute 2%, tax free, of your gross Salary or Wages while you are contributing to KiwiSaver from your Salary or Wages, if you're over 18.**

If you need help buying your first home, there are two big incentives:*** 

• the ability to withdraw all of your contributions, your employer’s contributions and your investment returns to put towards buying your first home; and
• a first home subsidy of up to $5,000.

You could be eligible for both the subsidy and the first home withdrawal as a “second-chance” home buyer if you are in the same financial situation as a first time buyer.

If you are self-employed or not employed (18 or over)

You will receive a $1,000 kick-start contribution from the government.

The government will also match your contributions up to the equivalent of $20 per week ($1,042.86 per year) if you're over 18.** If you contribute at least this amount then you receive the most benefit from KiwiSaver.

There is no minimum commitment to the Scheme for members who are self-employed or not employed – you decide how much or how little you would like to contribute.

If you need help buying your first home, there are two big incentives:***

• the ability to withdraw all of your contributions, your employer’s contributions and your investment returns to put towards buying your first home; and
• a first home subsidy of up to $5,000.

You could be eligible for both the subsidy and the first home withdrawal as a “second-chance” home buyer if you are in the same financial situation as a first time buyer.

If you have children (under 18)

They will receive a $1,000 kick-start contribution from the government.

There is no minimum commitment to the Scheme – you decide how much or how little you would like to contribute. Anyone can contribute to their account.

Their savings can grow until they turn 18, when they will be eligible for all the KiwiSaver incentives, including the following:

• Matching government contributions up to the equivalent of $20 per week ($1,042.86 per year);
• Their employer must (in most cases) contribute 2%, tax-free of their gross Salary or Wages while they are contributing to KiwiSaver from their Salary or Wages; and
• When buying their first home, there are two big incentives:***
  • the ability to withdraw all of their contributions, their employer’s contributions and their investment returns to put towards buying your first home; and
  • a first home subsidy of up to $5,000.

They could also be eligible for both the subsidy and the first home withdrawal as a “second-chance” home buyer if they are in the same financial situation as a first time buyer.

If you are an employer

You must contribute (in most cases) to your employees’ KiwiSaver accounts at 2%, tax-free, of their gross Salary or Wages while they are contributing to KiwiSaver from their Salary or Wages.

It is a good idea to select a Preferred Provider, as many of your employees won’t know which KiwiSaver scheme to choose and may look to you for advice (selecting a preferred KiwiSaver provider does not mean you are providing investment advice).

If you do not select a Preferred Provider and the employee does not actively choose a provider then the IRD will allocate the employee to a default provider.

By law, default KiwiSaver providers must offer a default investment product with a low-risk investment mix. Default schemes may not get the best returns as the default fund within a default scheme is required to invest predominantly in low-risk/low return conservative assets, which means it may not be appropriate to your employees' retirement saving needs.

It’s not just your employees that will benefit by you choosing a Preferred Provider, but you as the employer will benefit as well:

• As your Preferred Provider, Huljich will give your company one point of contact, one set of results and one dedicated relationship manager you can always rely on, meaning your administration of KiwiSaver is easier.
• Huljich are here to make KiwiSaver easy for you and your employees. Huljich will help explain your KiwiSaver obligations, educate your employees about the benefits of KiwiSaver and provide on-going support to take care of all your KiwiSaver needs; and

• It can also create a positive employment benefit to offer your employees, thereby assisting your staff attraction and retention.

*Mike Pero Saver is the brand used to distribute the Huljich KiwiSaver Scheme through Mike Pero (New Zealand) Limited.

**You must also be below your KiwiSaver End Payment Date (see page 31 of the Investment Statement for further details).

***Conditions apply - please refer to the Investment Statement