KiwiSaver

Live a comfortable and stress free lifestyle when you retire.

We pride ourselves on ensuring our Credit Union members have access to simple and effective financial solutions, and KiwiSaver is no different.

Credit Union Central has chosen to partner with and distribute the Fisher Funds KiwiSaver Scheme.

What is KiwiSaver?

With over 1.8M people enrolled, KiwiSaver is now one of the preferred ways for New Zealanders to save for their retirement. KiwiSaver offers a range of generous membership benefits to encourage you to get saving. They include:  

• For every $1 you contribute the Government will contribute 50 cents up to a maximum of $521 (equivalent to $10 per week) for each KiwiSaver year if you are over 18
• Compulsory employer contributions of 3% if you are employed and over 18 years old.
• If you plan to buy your first home - after 3 years' membership you can withdraw your contributions and your employer's contributions plus you may be eligible for a subsidy of up to $5,000 (subject to eligibility)

Why has NZCU Central chosen Fisher Funds?

• Fisher Funds operates its business based on a set of values and principles which are aligned with those of Co-op Money and its member Credit Unions
• Fisher Funds has a well-resourced and experienced investment management team to manage your KiwiSaver scheme investments
• The Fisher Funds KiwiSaver offers you online access to view your KiwiSaver account balance and transactions
• Fisher Funds provide industry leading transparency with its regular and candid communications, including quarterly transaction statements, details of portfolio holdings and online up-to-date details of scheme performance and comparisons with other schemes
• Fisher Funds has a dedicated client service team to provide assistance whenever you need it
• Fisher Funds' willingness to provide Co-opp Money and its Member Credit Unions with dedicated support and communication enables Credit Unions to provide excellent ongoing service to you
• Fisher Funds has a strong focus on education to help members understand investing and how to make the most of KiwiSaver, much like Credit Unions focus on education and the financial literacy of members
• Fisher Funds is award winning
• In recognition of its first class service standards, the Fisher Fund KiwiSaver Scheme received the Workplace Savings NZ People's Choice KiwiSaver Award for 2010, after KiwiSaver scheme members from around New Zealand voted for the scheme that they believed had done the best job of communicating with members
• The Fisher Funds KiwiSaver Scheme's investment performance is independently rated by Morningstar. This gives you the comfort that Fisher Funds' investment controls and processes are examined. In 2011, Fisher Funds was voted runner-up for the Morningstar KiwiSaver Fund Manager of the Year Award.

Who can join the Fisher Funds KiwiSaver Scheme?

• To join KiwiSaver you must be living or normally living in New Zealand and be a New Zealand citizen or residency. You must also be aged 65 or below.
• Anyone under 65 can join whether you are working or not
• We also believe KiwiSaver is suitable for people under 18, as they are not required to start regular contributions until they start working but will still share in certain benefits in the meantime

What do you put in?

• Employees put in amounts equal to 3%*, 4% or 8% (your choice) of your gross pay.
• Self-employed, not employed and under 18s (who aren't working) can choose to put in as much or as little as they like, when they like, with no minimum payments required.
• Anyone can help family and friends make the most of KiwiSaver by putting money into their KiwiSaver account.

When can you access your KiwiSaver scheme balances?

Your KiwiSaver scheme balance is locked in until you reach the age of eligibility for New Zealand Superannuation (currently 65) or complete 5 years' membership if later. There are exceptions - early withdrawals may be permitted for first home purchase, significant financial hardship, serious illness, death or permanent emigration (terms and conditions apply).

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