How KiwiSaver works for employers

Employers work out if new employees are eligible for automatic enrolment in KiwiSaver. They also enrol existing employees if they choose to opt in to KiwiSaver.

Employers send the details of all enrolments to us and also send us new employee KiwiSaver opt out requests.

Employers make KiwiSaver deductions from their employees' pay. They also make a compulsory minimum contribution of 3.5% towards their employees' KiwiSaver savings - unless they are already contributing to another superannuation fund for their employees.

An employer will also stop payments if their employee has a savings suspension, or if they’re given notice by us or their employee that contributions are to stop.

If an employer is given a temporary rate reduction notice by us or an employee, they must lower the employee’s contribution rate to 3%. They can also choose to match their employee’s reduced contribution rate.

Employers cannot give you financial advice.