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This Investment Statement provides essential information about the OnePath KiwiSaver Scheme, including investment options, risks, benefits, and procedures for contributions and withdrawals, as required
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How to fill out kiwisaver

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How to fill out kiwisaver

01
Step 1: Gather your personal information including your IRD number, bank account details, and contact information.
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Step 2: Choose a KiwiSaver provider by researching options and comparing their fees, performance, and services.
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Step 3: Complete the KiwiSaver application form provided by your chosen provider, ensuring all information is accurate.
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Step 4: Select your preferred contribution rate (usually between 3%, 4%, 6%, 8%, or 10% of your income) while ensuring it meets your financial goals.
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Step 5: Submit your application to your chosen provider, either online or via mail, depending on their process.
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Step 6: If you want to take advantage of government contributions, ensure your application is processed before the end of the financial year.
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Step 7: Regularly review your KiwiSaver account to ensure it's aligned with your retirement savings goals.

Who needs kiwisaver?

01
Anyone who is a New Zealand resident and is looking to save for retirement.
02
Young people starting their first job who want to build a savings habit.
03
Individuals looking for a way to save for their first home with the First Home Grant option.
04
Those wanting to benefit from employer contributions as part of their employment agreement.
05
Anyone wanting to secure their financial future and access government contributions to retirement savings.
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It is important to note that if you are from overseas and are the holder of a temporary work visa at the time you commence employment you will not be entitled to join KiwiSaver at that time. However, if you should later become a New Zealand citizen or permanent resident, then you will become eligible to join KiwiSaver.
KiwiSaver is a voluntary savings scheme to help set you up for your retirement. You can make regular contributions from your pay or directly to your scheme provider.
Employer contributions You're legally required to contribute to your employees' KiwiSaver at 3% of their gross salary or wage. You can contribute more if you wish. The 3% has to be on top of their total salary or wages, which include: bonuses.
You can suspend your contributions, but you can't leave a KiwiSaver scheme unless you withdraw all of your funds, and you can't withdraw all of your funds except in specific circumstances eg permanent emigration.
You may be eligible to withdraw KiwiSaver savings early if you are experiencing financial hardship. Those suffering financial hardship. Contact your scheme provider for the correct form to complete to make a hardship withdrawal.
KiwiSaver and Investment Funds are Portfolio Investment Entities (PIEs). PIEs are subject to special tax rules and tax on PIE income is calculated using your prescribed investor rate (PIR) less any tax credits used. Note that if you're investing jointly, we will apply the highest PIR of the joint investors.

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KiwiSaver is a voluntary savings scheme in New Zealand designed to help individuals save for retirement. It allows people to contribute a portion of their income to a savings account, which can also be supplemented by employer contributions and government incentives.
In New Zealand, all employees who are aged between 18 and 65 are automatically enrolled in KiwiSaver unless they choose to opt out. Self-employed individuals and those not in paid employment can also choose to join and contribute to KiwiSaver.
To fill out KiwiSaver, individuals need to complete a KiwiSaver application form, which can typically be obtained from their chosen KiwiSaver provider. The form requires personal information, including IRD number, contact details, and fund preferences.
The purpose of KiwiSaver is to encourage New Zealanders to save for their retirement, providing individuals with a financial buffer in their later years, and to promote long-term savings through contributions from both the individual and their employer.
Individuals must report personal details such as their name, address, date of birth, IRD number, and the chosen KiwiSaver scheme. Employers must also report employee contributions and changes in employment status.
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