Skip to content

Upcoming changes to KiwiSaver.

Upcoming changes to KiwiSaver

We’ve been asked lately about the upcoming KiwiSaver changes and when they are due to take effect, so here’s an update.

From 1 April 2019
• Additional KiwiSaver contribution rates of 6% and 10% will be introduced.
• The contributions holiday facility, which will be renamed ‘savings suspension’, will have its maximum duration reduced from five years to one year for all new requests.

From 1 July 2019
• Those aged over 65 will be able to opt-in to KiwiSaver
• The five year lock-in period for new members will be removed (this will only impact members who join KiwiSaver after 1 July 2019 and are aged between 60 and 65)

 The bill with these proposed changes is expected to be passed in March 2019.

More news

NZ Funds Market Update #7

Executive Summary Global share markets are now 22% above their lows. NZ Funds has successfully mitigated the downside and will continue to fully participate in the share market recovery. The
Read More

See how NZ Funds ‘Downside Mitigation’ has helped in the current crisis

We have often mentioned that NZ Funds developed and implemented a downside mitigation strategy following the Global Financial Crisis to protect client’s portfolio values should another major event occur.   The strategy
Read More