How to Make Voluntary Contributions - What You Need to Know
Updated 3 August 2023
Summary
Payments through us can be made in two ways:
1. Direct payment - Contact your KiwiSaver provider and make a payment directly to your fund. This the fastest way of getting your money into the fund, as it avoids going via the IRD.
2. Internet banking - This method is slower; you'll choose the "Pay tax" option on your internet banking service, and then you will need to include:
Summary
- You can make voluntary contributions (or lump sum payments) at any time, either directly to your KiwiSaver provider or through Inland Revenue.
- Once you've made a lump sum payment it's "locked in" until you're eligible to withdraw your savings. You can make payments directly to your KiwiSaver provider.
Payments through us can be made in two ways:
1. Direct payment - Contact your KiwiSaver provider and make a payment directly to your fund. This the fastest way of getting your money into the fund, as it avoids going via the IRD.
2. Internet banking - This method is slower; you'll choose the "Pay tax" option on your internet banking service, and then you will need to include:
- your IRD number
- the tax type "KSS", and
- period "0" (zero).
Related Guides
- KiwiSaver Hardship - if you're a KiwiSaver member and struggling with your finances, our guide explains everything you need to do to ask for an early redemption
- Contributions holiday - if you're wanting to take a break from contributing, our guide explains your options
- KiwiSaver HomeStart Guide - get a grant of up to $20,000 and access to your KiwiSaver fund for your first house or apartment deposit
- KiwiSaver First Home Withdrawal Guide - if you want to use your KiwiSaver balance for a house deposit, our guide explains everything you need to know
- Your KiwiSaver contributions - You can choose how much to contribute. Find out what happens when you go on leave, receive a benefit or entitlement, or have a tax debt
- Your employer's KiwiSaver contributions - If you're a KiwiSaver member making contributions from your pay, your employer will also contribute to your KiwiSaver savings
- Government KiwiSaver contributions - To help you save, the Government will make an annual contribution towards your KiwiSaver account as long as you meet certain conditions.
- KiwiSaver and tax - KiwiSaver contributions are deducted from your before-tax pay, and our guide explains everything you need to know.
- How to check your KiwiSaver contributions - Keeping track of your KiwiSaver contributions is easy with 'My KiwiSaver'
- KiwiSaver Withdrawal - If you joined KiwiSaver on or after 1 July 2019, you can withdraw your savings when you qualify for NZ Super (currently 65)
- KiwiSaver Providers - You can choose which scheme to join, even if you're provisionally allocated to an employer-chosen/default scheme
- Opting out of KiwiSaver - If you're a new employee who's been automatically enrolled, you can choose to opt out of KiwiSaver
- KiwiSaver Fund Selection Guide - 10 Must-Know Facts Revealing Everything You Need To Know About KiwiSaver
- KiwiSaver Calculator - our retirement calculator considers KiwiSaver contributions, how much you earn right now, how much you plan to spend during retirement, and how old you are, among other factors
