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KiwiSaver Poua he Oranga

Who's involved?

The administration of KiwiSaver is the responsibility of Government agencies and scheme providers. Employers also play a key role.


For most people, KiwiSaver is a work-based savings plan, so employers play an important role. Employers:

  • give new employees and other staff who are interested an Employee information pack (KS3)
  • pass their employees' details to Inland Revenue to enable them to be enrolled
  • deduct KiwiSaver contributions from employees' gross salary or wages
  • make a compulsory employer contribution to their employee's KiwiSaver account or complying fund
  • calculate and withhold any tax on employer contributions
  • can choose a KiwiSaver scheme (criteria apply) for employees who don't want to select their own
  • act on a new employee's request if they choose to opt out
  • stop deductions if they receive the required notice.

KiwiSaver scheme providers

KiwiSaver scheme providers have the primary relationship with members.

A list of providers with registered KiwiSaver schemes is now available. The official register of KiwiSaver schemes is held by the Financial Markets Authority (FMA).

Organisations wanting to provide KiwiSaver schemes must meet specific criteria. An organisation must be certified by Inland Revenue before they can register a KiwiSaver scheme with the FMA.

KiwiSaver schemes are governed by trust deeds and regulated like other superannuation schemes. Scheme providers must meet certain minimum ongoing requirements and disclose information to help people make an informed choice.


Under the KiwiSaver initiative the Government:

  • pays an annual Government contribution to members who are 18 or over
  • funds the first home deposit subsidy through Housing New Zealand for people who meet their criteria.

There are currently nine "default" KiwiSaver scheme providers for members who don't choose their own scheme. The default providers are:

  • AMP Wealth Management New Zealand Limited
  • ANZ New Zealand Investments Limited
  • ASB Group Investments Limited
  • BNZ Investment Services Limited
  • Booster Investment Management Limited
  • BT Funds Management (NZ) Limited
  • Fisher Managed Funds Limited
  • Kiwi Wealth Limited
  • Mercer (NZ) Limited.

Default providers were selected using an open, competitive tender process managed by the Ministry of Business, Innovation and Employment.

There is no Crown guarantee of KiwiSaver schemes or investment products of KiwiSaver schemes. Every investment statement relating to a KiwiSaver scheme must contain a statement to that effect.

Inland Revenue

We administer members' contributions mainly through the "pay as you earn" (PAYE) tax system. Our main responsibilities under KiwiSaver are to:

  • receive member and employer contributions
  • transfer contributions to the right KiwiSaver scheme provider for investment
  • give employers information packs to pass on to employees
  • allocate people who don't make a choice to default schemes
  • administer requests for opt-outs and contributions holidays
  • provide information to the public.

The Financial Markets Authority

The Financial Markets Authority (FMA) is responsible for registering and regulating KiwiSaver schemes. The FMA supervises the management of registered KiwiSaver schemes and other superannuation schemes, and monitors and encourages compliance with the Superannuation Schemes Act 1989 and the KiwiSaver Act 2006.

Ministry of Business, Innovation and Employment

The Ministry of Business, Innovation and Employment coordinated the tender process for appointing default KiwiSaver providers.

The Treasury

The Treasury consulted with various stakeholders about the development of the KiwiSaver Act.

Housing New Zealand Corporation

Housing New Zealand provided policy advice on the KiwiSaver first home deposit subsidy. Housing New Zealand is also responsible for setting the subsidy's caps for house price and income, and processing first home deposit subsidy applications.

The Commission for Financial Capability

The Commission for Financial Capability is associated with KiwiSaver through its financial education programme.

The Commission helps New Zealanders prepare for their retirement, by offering free and independent financial information through the Sorted website. Sorted offers easy-to-use online tools to help New Zealanders work out if KiwiSaver is right for them.