The Aon KiwiSaver scheme



About the Aon KiwiSaver Scheme

The Aon KiwiSaver Scheme is a registered KiwiSaver scheme.

The Scheme is available to all persons who meet the KiwiSaver eligibility criteria, including employees, self employed, non earners and persons less than 18 years of age.

The Scheme offers 24 hour, 7 days a week on-line access to member's accounts. An 0800 number (0800 266 463) help line and email support is available during business hours to answer any questions or concerns you may have regarding KiwiSaver or the Aon KiwiSaver Scheme.

Our network of more than 75 branches nationwide ensures there's an office close to you where you can obtain help with your KiwiSaver questions.

You can find more information about the Aon KiwiSaver Scheme in our Product Disclosure Statement and member information guides.

For Employers
Employers can select Aon as their preferred KiwiSaver scheme for employees that do not make their own scheme choice. Employees can make their own choice at any time. Click here if you wish to register the Aon KiwiSaver Scheme as your preferred KiwiSaver Scheme for your employees.

Employers are responsible for enrolling new employees and processing "opt-in" notifications. This can be done quickly and easily using the Scheme's online process regardless of whether you are enrolling one or multiple employees.

For Members
The Aon KiwiSaver Scheme offers thirteen investment funds selected from four experienced underlying investment managers; ANZ Bank New Zealand Limited, Nikko Asset Management New Zealand Limited, Milford Assest Management Limited and Russell Investment Management Limited. You can choose to invest in up to four funds, by returning the Member Election Form sent to you once your enrolment is received. If you are an individual and want to join, click here to begin the enrolment process

A Quick Guide to KiwiSaver

Please click here to view the Aon KiwiSaver Scheme Product Disclosure Statement, which includes an application form to join the scheme.

The Basics

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

  • KiwiSaver is not guaranteed by the government. If you are over 18 the government will also match your KiwiSaver contributions of up to $10 p.w.

  • Employers are obliged to automatically enrol all new employees who are:
    • Between 18 and 64 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 request an information pack.

  • Employees can choose to make contributions of 3%, 4% or 8% of their gross salary or wage. Contributions are deducted from wages and paid to the Inland Revenue. Inland Revenue passes these onto a registered KiwiSaver scheme provider for investment.

  • Employers are obliged to make compulsory contributions of 3%.

  • Employer superannuation contribution tax will be deducted from any employer contributions. Employer contributions will be taxed at each employee's marginal tax rate.

  • You may be able to make an early withdrawal of part (or all) of your savings in certain conditions.
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 Inland Revenue.

  • 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 the Aon KiwiSaver Scheme. If neither they nor their employee chooses a scheme the Inland Revenue 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 (excluding Australia)
    • 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, or requesting an information pack here.

  • If you are a salary or wage earner under 18 the minimum contribution of 3% will apply.
    Although the employer compulsary contribution will only start at 18.