Talk to a Kiwisaver Expert at Rethink Group

Sunday 24 March 2019, 9:45PM
By Beckie Wright

As a savings initiative, KiwiSaver is an investment like no other; a voluntary, work-based savings plan, created by the Government to help New Zealanders prepare financially for retirement. KiwiSaver is designed to be hassle-free, so it’s easy to keep up a regular savings habit. KiwiSaver is also one of the best ways to realise home ownership.


Rethink can help you set up your KiwiSaver correctly, ensuring it’s invested in the right fund to maximise your returns. When it’s time to buy your first home, and you qualify, they’ll help you with the HomeStart Grant and withdrawal application forms too – it’s all part of the service.


If you’ve been a member of KiwiSaver for at least three years you may be eligible to withdraw the contributions you and your employer have made, along with the Government Member Tax Credit contributions and any investment returns.

You can’t withdraw any amounts transferred from an Australian complying superannuation scheme, and you can’t withdraw the $1,000 Kick-start from when you started your KiwiSaver fund.


If you’ve been regularly contributing to KiwiSaver for at least three years and are buying an existing home, you may be eligible for $1,000 for each year you’ve been contributing – up to a maximum of $5,000. If you’re buying a house with a friend or a partner and you both qualify for the HomeStart grant, you could get up to $10,000. If you’re buying a newly built home or a planning to build, you may be eligible for $2,000 for each year you’ve been contributing – up to a maximum of $10,000 per person.


As well as your contributions of 3%, 4%, or 8% of gross income, your employer is required to put in a further 3% minimum. For every $1 you put into your KiwiSaver, the Government will put in 50 cents, up to a maximum of $521.43 per year. Plus, you’ll have KiwiSaver investment experts investing and growing your money for you, so to find out more about Kiwisaver and mortgage brokers, insurance brokers and  life insurance advisors please go to .