The Aon KiwiSaver scheme

Essential information for employees, self-employed people,
non-working spouses and children

The benefits of Aon KiwiSaver Scheme

Aon's KiwiSaver Scheme has been designed to look after you in many ways.
  • Savings are invested with local and global underlying investment managers.

  • A wide choice of different investment funds, so that you can select the fund that best fits your needs.

  • You can switch between underlying investment managers without changing your scheme provider.

  • Online access to your account 24 hours a day 7 days a week to see how your savings are growing.

  • 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 $10 per week , if they make a contribution of up to $1,042.86 per year.

  • A helpline to answer all of your questions - 0800 266 463.

  • A website with information about KiwiSaver, fund fact sheets, return 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 Aon KiwiSaver Scheme application form.

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 3%, 4% or 8% of your gross pay which will be deducted from your wages. Your employer will send these contributions to Inland Revenue at the same time as PAYE deductions. The contributions will then be passed onto your KiwiSaver scheme for investment. The minimum employee contribution is 3%.

  • 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. There is no minimum annual contribution currently for the Aon KiwiSaver Scheme.

  • 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 are deducted from your salary or wages.

The benefits of KiwiSaver

You are entitled to all the benefits of KiwiSaver.
  • A first home withdrawal and KiwiSaver HomeStart grant may be available with some restrictions.

  • For those over 18, the Government will contribute up to $10 per week, if you make contributions at $1042.86 per year, i.e. $20 per week.

  • Compulsory employer contribution of 3%.

  • Employer contributions will be taxable at each employees marginal tax rate.