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The KiwiSaver scheme is a volunteer based savings scheme based headed in New Zealand. Its goal is to provide long term savings for future retirees. It is governed by several acts of Parliament and aims to improve the country's low average rate of saving.

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12y ago

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What is kiwi saver?

KiwiSaver is a government-subsidised saving for retirement. It is a voluntary, work-based savings initiative with a range of membership benefits.


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KiwiSaver helps people in New Zealand save for retirement by providing a structured savings plan that includes contributions from both the individual and their employer. It offers various investment options and government incentives, such as contributions and tax credits, to encourage saving. Additionally, members can access their savings for first-home purchases and significant life events, promoting financial security and stability. Overall, KiwiSaver aims to enhance long-term financial wellbeing for its participants.


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