Welcome to the OneAnswer KiwiSaver Scheme
The information on this website, together with the OneAnswer KiwiSaver Scheme guide and product disclosure statement, explains the choices available to you.
KiwiSaver is a long-term savings initiative designed to help you save for your retirement. Watch our video to find out what KiwiSaver is all about.
What do I contribute?
The contributions you need to make to KiwiSaver depend on your personal situation.
I'm employed / self-employed
If you're employed you must contribute at least 3% of your before-tax pay each pay day.
If you’re self-employed and PAYE is deducted from your income you must contribute at least 3% of your before-tax pay each pay day. You are also required to pay an employer contribution of 3% to your KiwiSaver account.
If you’re self-employed and don’t deduct PAYE from your income you can contribute any time and for any amount.
For more information see your contributions.
I have an existing superannuation scheme
If you’re already in another superannuation scheme, it’s important you talk to your employer before joining KiwiSaver.
Joining KiwiSaver may affect the contributions you and your employer make to your existing superannuation scheme.
You can contribute any time and for any amount.
See voluntary contributions for more information.
What are the main benefits?
KiwiSaver’s main benefits are that it helps you save for retirement and could help you buy your first home. As well as your savings, you may also receive:
How do we invest your KiwiSaver savings?
Your KiwiSaver savings are invested in one or more of our 13 funds. Our funds invest in various asset classes with the aim of growing the savings in your KiwiSaver account over time.
You can choose between our range of single-asset-class funds, our Lifetimes option and our range of multi-asset-class funds. Our single-asset-class funds are designed for you to invest in on the advice of your financial adviser. This investment suite is different to other KiwiSaver schemes we manage.
See Our funds for more information.
When can you withdraw your KiwiSaver savings?
You can withdraw savings from your KiwiSaver account when you’re 65 or older and you’ve been a member of KiwiSaver (or a complying superannuation fund) for at least five years.
In limited circumstances, you may be able to withdraw some, or all, of your savings early. See accessing your savings in retirement for more information.
What are the fees and costs?
We charge each member a monthly membership fee of $2. There is also an annual fund charge that is charged to each fund per year. The annual fund charge will vary depending on the fund your savings are invested in. Find out more about our fees and costs?
What are the risks?
Like any investment, KiwiSaver involves taking some risk. Your investment in the OneAnswer KiwiSaver Scheme might not do as well as expected and you may not receive back the full amount you contributed to your KiwiSaver account.
The level of risk will vary depending on the fund your savings are invested in. You need to decide how these risks apply to your personal circumstances. Find out more about investment risks.
Watch our video to find out more about the differences between savings accounts and KiwiSaver and managing your risk.
Are you prepared for market volatility?
Investment market volatility is part of investing and does not have to be a cause for concern. Find out how you can be prepared for market volatility.
What if you want to stop contributing?
You can apply to stop contributions from your pay if you need to - but not until at least 12 months after your first KiwiSaver contribution is paid to Inland Revenue. This is called a contributions holiday. See your contributions for more information.
What if you don’t want to stay in the OneAnswer KiwiSaver Scheme?
You may have been automatically enrolled in the OneAnswer KiwiSaver Scheme because it’s your employer’s chosen scheme. If you were automatically enrolled and you decide KiwiSaver isn’t for you, you have 56 days from, and including, the day you start your new job to opt out of the OneAnswer KiwiSaver Scheme. To opt out, you will need to send an Opt-out Request Form (KS10) to Inland Revenue or your employer.
What if you're already in KiwiSaver?
Please compare your current scheme and consider any benefits you currently receive before switching schemes.
Before you join the OneAnswer KiwiSaver Scheme, we recommend you seek financial advice from a financial adviser.
What if you're already a member of the OneAnswer KiwiSaver Scheme?
Why have your KiwiSaver savings with us?
Your investment is managed by experts
As a member of the OneAnswer KiwiSaver Scheme, your retirement savings are managed by ANZ Investments, ANZ’s award-winning investment management business. Our investment performance has been recognised by numerous awards and ratings from independent research houses. ANZ Investments is a subsidiary of ANZ Bank New Zealand Limited and is the manager of the OneAnswer KiwiSaver Scheme. See our full awards history.
You choose between:
See Our funds for more information on fund options.
View and manage your KiwiSaver account online
Keep up to date with your OneAnswer KiwiSaver Scheme account online. Find out how.
KiwiSaver account calculator
Our easy-to-use calculator can help you work out whether or not you’re on track to achieve your retirement savings goal. It also suggests some actions you can take to ‘close the gap’ if it doesn’t look like you’ll make it.
We're trusted by many New Zealanders
We’ve operated in New Zealand since 1989 and manage more than $25 billion on behalf of individuals, trusts, corporates, KiwiSaver schemes, superannuation schemes, government organisations and charities.
More than 700,000 New Zealanders trust us to manage their KiwiSaver savings - making us the largest KiwiSaver manager.
We have an impressive track record
We have a strong record of awards for investment performance in New Zealand. See our full awards history.
If you have any questions about the OneAnswer KiwiSaver Scheme contact us through:
To join a KiwiSaver scheme, you must be:
To join or transfer, read the guide and product disclosure statement and then complete and return the relevant application form at the back of the product disclosure statement.
If you want to have a decent nest egg when you stop working, it's worthwhile spending some time thinking about it now. Watch our short video to find out why joining KiwiSaver early is a good idea.
If your employer has enrolled you in the OneAnswer KiwiSaver Scheme, you don't need to do anything to stay with the OneAnswer KiwiSaver Scheme. For the first three months after you first join KiwiSaver, Inland Revenue will hold all contributions to your KiwiSaver account in a tax-free holding account and will pay interest on those amounts. After this time, Inland Revenue will transfer all contributions (including the interest) to your KiwiSaver account.