KiwiSaver

KiwiSaver is a New Zealand savings scheme. Started operating on 2 July 2007, the scheme allows participants to normally access their KiwiSaver funds only after the age of 65, but can withdraw them earlier in certain limited circumstances, for example if undergoing significant financial hardship or to use as a deposit for a first home.

A policy initiative of the Fifth Labour Government of New Zealand (in office 1999–2008), KiwiSaver is governed by various Acts of Parliament, including the KiwiSaver Act 2006, which was passed in September 2006.

As at 31 March 2025, the Financial Markets Authority reported 3,385,856 New Zealand citizens were members of KiwiSaver, with an average balance of $36,349 per member. Annual contributions were $12.2 billion with investment gains of $6.4 billion, and with $123.1 billion in assets managed by KiwiSaver providers.

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