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The document is a KiwiSaver deduction form for employees in New Zealand, outlining the process for new and existing employees to enroll or change their contribution rates. It specifies eligibility criteria, contribution options, and instructions for employers on handling the form. The document emphasizes that it should not be sent to Inland Revenue and must be kept with employment records.

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Versions	Form popularity	Fillable & printable
2020	4.8 Satisfied (45 Votes)
2013	4.2 Satisfied (66 Votes)
2009	4 Satisfied (33 Votes)

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How to get proof of KiwiSaver?

Use myIR to get proof of your income and KiwiSaver deductions. You can use myIR to create a PDF document of your income and KiwiSaver deductions to support your application through Kāinga Ora. You can then either print it out or save it.

Can I get money out of my KiwiSaver?

To withdraw savings you will need to provide evidence you are suffering significant financial hardship. If your application is accepted you can only withdraw your and your employers contributions. Significant financial hardship includes when you: cannot meet minimum living expenses.

What is a KiwiSaver form?

If you start a new employee whos already a KiwiSaver member, ask them to fill in a KiwiSaver deduction form - KS2. Your employee uses the KS2 to tell you: the rate they want you to make KiwiSaver deductions from their pay. theyre on a savings suspension.

What is the purpose of 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.

Who needs to pay KiwiSaver?

Employer contributions Youre 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.

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What is KiwiSaver for?

KiwiSaver is a long-term saving scheme which helps you save for a first home or for when you turn 65. You, your employer and the government can all make contributions. You choose how much to pay in and an investment fund that suits.

Where does KiwiSaver money go?

Inland Revenue and KiwiSaver Any money paid to us for KiwiSaver we pass on to KiwiSaver providers. We also administer requests for opt-outs and savings suspensions. If you were automatically enrolled and do not choose a scheme, we will allocate you to one of our default schemes or to your employers chosen scheme.

Can I withdraw my KiwiSaver if I leave NZ?

If you have been living overseas (not Australia) for 1 year, you can take out most of the savings from your KiwiSaver account. Getting my KiwiSaver savings for significant financial hardship If you suffer significant financial hardship you may be able to withdraw some, or all, of your and your employers contributions.

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