AonSaver - Your Preferred KiwiSaver Fund



A Quick Guide to KiwiSaver

Please click here to view the AonSaver investment statement.

The Basics
  • KiwiSaver is a voluntary long term savings scheme designed to encourage New Zealanders to save for their retirement. The is open to all New Zealand citizens and permanent residents aged up to 65.

  • The Government will give every KiwiSaver account holder a 'kick start' of $1,000. It will also contribute up to $5,000 to an account holder's first home purchase. If you are over 18 the Government will also match your KiwiSaver contributions of up to $10 p.w. Compulsory employer contributions are 2%.

  • Employers are obliged to automatically enrol all new employees who are:
    • Between 18 and 65 years of age
    • New Zealand citizens or permanent residents
    • Employed for more than 28 days
    • Not already a KiwiSaver member.

  • Existing employees are not enrolled automatically, but can join KiwiSaver voluntarily by completing an application form. Click here to enrol now.

  • Employees can choose to make contributions of 2%, 4% or 8% of their gross pay. Contributions are deducted from wages and paid to the IRD. IRD passes these onto a registered KiwiSaver scheme provider for investment. The minimum employee contribution might increase from 2% to 3% from 1 April 2013.

  • Employers are obliged to make compulsory contributions of 2%. Employer contribution's are exempt from Superannuation Contribution Tax (in other words, tax free) up to 2% of the employee's before-tax pay.

  • Compulsory employer contributions might increase from 2% to 3% from 1 April 2013. Employer superannuation contribution tax will be deducted from any employer contributions from 1 April 2012. Employer contributions will be taxed at each employee's marginal tax rate.
More Detail
  • An employee who is automatically enrolled can decide to opt out within eight weeks of enrolment. A special form is required which needs to be sent to IRD.

  • If an employee wants to choose their own KiwiSaver scheme provider, they can. They are not obliged to use their employer's preferred provider.

  • Employers can choose a KiwiSaver savings scheme for their employees, such as AonSaver. If neither they nor their employee chooses a scheme the IRD will allocate them to a default scheme. Employers choosing a preferred scheme provider for their employees are not deemed to be giving financial advice.

  • Employees can take a contribution holiday of between three months and five years after saving with KiwiSaver for 12 months.

  • Savings are locked in to age 65. Early withdrawal is possible in some special circumstances, such as:
    • Serious illness or significant financial hardship
    • Permanent emigration
    • Purchase of first home


  • Self-employed people, employees under 18, non-working spouses and children can also join a KiwiSaver scheme by contacting a scheme provider directly.