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[BUDGET] New KiwiSaver members miss out on Kick Start

People enrolling in KiwiSaver from now will no longer receive a $1,000 kick-start payment, Finance Minister Bill English says.

Thursday, May 21st, 2:10PM

“KiwiSaver has been successful in attracting members, with 2.5 million New Zealanders having a KiwiSaver account and together receiving $2.5 billion in kick-start payments since the scheme started in 2007,” English says.

“However, it also has considerable costs for taxpayers. The Government will spend more than $850 million this year on two subsidies – the ongoing government subsidy of up to $521 a year per member and the $1,000 kick-start...MORE»

KiwiSavers not on track

Thursday, May 21st, 6:00AM

Kiwis who think their retirement savings are sorted because they have signed up to KiwiSaver may get a nasty shock when they reach 65.

MORE»

KiwiSaver schemes lose QROPS status

Tuesday, May 12th, 6:00AM

IRD is in talks with its counterpart in Britain after moves that have meant New Zealand KiwiSaver schemes can no longer accept British pension transfers without penalty.

MORE»

 

Previous News

KiwiSaver drives managed funds lift

Friday, May 8th, 12:12PM

Growth in retail funds under management was concentrated in KiwiSaver funds in the first quarter of this year, FundSource research shows.

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KiwiSavers reminded not to miss out

Friday, May 8th, 11:24AM

ANZ is running a campaign to remind KiwiSaver members to contribute enough to get their $521 free from the Government.

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KiwiSaver funds misclassifying risk: Research

Friday, May 1st, 6:00AM

Some KiwiSaver providers are incorrectly indicating the risk category of their funds, new research shows.

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Small Kiwi market a problem for KiwiSaver

Tuesday, April 28th, 6:00AM

Capacity constraints are a looming issue for the KiwiSaver market to contend with as it grows, research house Morningstar says.

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KiwiSaver for first homes gets boost: ANZ

Wednesday, April 22nd, 2:44PM

ANZ is reporting a surge in the number of customers wanting to use KiwiSaver to help buy their first home following the April 1 introduction of new regulations for KiwiSaver first-home withdrawals.

MORE»

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Mortgage Rates Table

Full Rates Table | Compare Rates

Lender Flt 1yr 2yr 3yr
ANZ 6.74 ▼5.59 ▼5.59 ▼5.59
ANZ Special - - 5.39 -
ASB Bank 6.75 5.99 5.99 ▼5.99
ASB Bank Special - ▼5.35 5.39 ▼5.39
BankDirect 6.75 5.99 6.09 ▼5.99
BankDirect Special - ▼5.35 5.39 5.39
BNZ - Mortgage One 7.15 - - -
BNZ - Rapid Repay 6.74 - - -
BNZ - Special - - - -
BNZ - Std, FlyBuys 6.74 ▼5.35 5.39 ▼5.49
BNZ - TotalMoney 6.74 - - -
Lender Flt 1yr 2yr 3yr
Credit Union Auckland 6.70 - - -
Credit Union Baywide 6.45 5.95 5.99 -
Credit Union North 6.45 - - -
Credit Union South 6.45 - - -
eMortgage 6.04 6.15 6.69 7.19
Finance Direct 6.10 6.45 6.69 7.10
First Credit Union 6.45 - - -
General Finance 5.95 6.25 6.50 7.10
HBS Bank 6.65 5.69 5.39 5.69
HBS Special - 5.59 5.35 5.35
Heartland 6.70 7.00 7.25 7.85
Lender Flt 1yr 2yr 3yr
Heretaunga Building Society 6.70 5.70 5.40 -
Housing NZ Corp 6.74 5.70 5.99 6.29
HSBC Premier 6.84 5.65 5.65 5.65
HSBC Premier LVR > 80% - - - -
HSBC Special - 5.29 5.29 5.29
ICBC 6.75 5.99 6.39 -
Kiwibank 6.65 ▼5.39 6.09 6.29
Kiwibank - Capped - - - -
Kiwibank - Offset 6.55 - - -
Kiwibank Special - - 5.39 5.39
Liberty - - - -
Lender Flt 1yr 2yr 3yr
Napier Building Society 5.80 6.00 6.70 -
Nelson Building Society 6.95 6.15 6.60 -
NZ Home Loans 6.85 6.09 6.40 6.29
Perpetual Trust 7.70 - - -
Resimac 6.59 5.88 5.86 5.90
SBS Bank 6.65 5.69 5.39 5.69
SBS Bank Special - 5.59 5.35 5.35
Silver Fern 5.95 6.10 6.55 7.05
Sovereign 6.85 5.99 6.09 ▼5.99
Sovereign Special - 5.10 5.39 5.39
The Co-operative Bank 6.70 ▼5.29 5.39 5.49
Lender Flt 1yr 2yr 3yr
TSB Bank 6.74 5.70 5.70 6.00
TSB Special - - 5.29 5.40
Wairarapa Building Society 6.20 5.75 5.95 -
Westpac 6.59 5.99 5.99 5.99
Westpac - Capped rates - 6.74 6.99 -
Westpac - Offset 6.59 - - -
Westpac Special - - 5.39 5.89
Median 6.70 5.75 5.86 5.89

Last updated: 22 May 2015 8:34am

News Quiz

Along with Good Shepherd NZ, Ministry of Social Development and The Salvation Army which bank is involved with the No Interest Loan Scheme (NILS)?

BNZ

ANZ

Westpac

ASB

Kiwibank

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