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AonSaver for Members
About KiwiSaver
About Aon
Frequently Asked Questions
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Essential information for employees,
self-employed people,
non-working spouses and children
The benefits of AonSaver
AonSaver has been designed to look after you in many ways.
- Simple online enrolment.
- Savings are invested with leading global fund managers.
- A wide choice of different investment funds, so that you
can select the investment that best fits your needs.
- Online access to your account 24 hours a day 7 days a week
to see how your savings are growing.
- Minimum annual contribution of only $200 for Self
Employed and Non Earners.
- Children don't need to make a minimum annual contribution.
- All members over the age of 18 qualify for the Member Tax
Credit of up to $20 per week.
- A helpline to answer all of your questions - 0800 266 463.
- A website with information about KiwiSaver, savings
calculators and forms
How KiwiSaver works
KiwiSaver is a voluntary savings plan to
help you with retirement saving.
- It is open to all people aged under 65 who are New Zealand
citizens or entitled to live here permanently.
- If you are eligible, you can open a KiwiSaver account by
contracting directly with a scheme provider, such as Aon.
- If you are aged over 18 and you start a new job, you will be automatically enrolled in KiwiSaver.
- If you are already employed when KiwiSaver starts, you can
choose to open a KiwiSaver account by completing an AonSaver enrolment form and handing it to your employer.
Making contributions
You can make regular or lump sum payments into your KiwiSaver
account.
- If you are an employee, you can choose to make
contributions of either 2%, 4% or 8% of your gross pay which will be
deducted from your wages. Your employer will send these
contributions to IRD at the same time as PAYE deductions. The
contributions will then be passed onto your KiwiSaver scheme for
investment.
- If you are self-employed or not employed, the amount you
will contribute every year is agreed between you and your scheme
provider. It will be a dollar amount rather than a percentage of
income. The minimum contribution with AonSaver is $200 a year.
- If you are a child, you don't have to make contributions until you start working
- You can only have one KiwiSaver account. If you become
employed at any time, let your employer know if you already have a
KiwiSaver account. KiwiSaver contributions deducted from your
salary or wages.
The benefits of KiwiSaver
You are entitled to all the benefits of KiwiSaver.
- $1000 kickstart from the government, paid into your
account.
- A first home deposit subsidy of $1000 per year of
membership (up to a maximum of $5000) will be available with some
restrictions.
- For those over 18, the Government will match an
individual's contributions by up to $20 p.w.
- From 1st April 2008 employers were required to make a
matching employer contribution of up to 1% of gross salary/wages.
This increased to 2% on 1 April 2009.
- Employer contribution is exempt from Specified
Superannuation Contribution Withholding Tax (in other words, tax
free) up to the lesser of 2% of the employee's before-tax pay.
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