Self-employed and not employed contributions

If you are self-employed or not employed, you have the flexibility to stop and start your contributions to the ASB KiwiSaver Scheme at any time and there are currently no minimum contribution levels.

If you are self-employed and pay yourself a salary or wages (salary or wages is as defined in the KiwiSaver Act and includes most employment-related income that is subject to the PAYE tax regime) you may be treated as an employee and employer for the purposes of KiwiSaver contributions.

If you wish to make contributions to the ASB KiwiSaver Scheme you can choose to make either one-off lump sum contributions or regular contributions. Remember that if you wish to receive the maximum member tax credits you will need to be eligible and contribute a minimum each year of $1,042.86 after deducting any Mortgage Diversion contributions (unless you joined part way through the year in which case this amount will be lower for the first year). The member tax credit year runs from 1 July to 30 June. Contributions to the ASB KiwiSaver Scheme can be done in a number of ways:

You can make your contributions direct to the ASB KiwiSaver Scheme by:

• Cheque - please make your cheque out to "The ASB KiwiSaver Scheme" and complete a Lump Sum Contribution Form when you send us your cheque so we can invest your funds correctly.
• Direct Debit - please complete and send us a Direct Debit Form so we can set up your additional contributions correctly. Once your Direct Debit is set up or if you wish to stop or change your regular contributions at any time, simply contact us on 0800 ASB RETIRE (0800 272 738) or retire@asb.co.nz
• If you would like us to mail you any of the forms referred to above, please contact us on 0800 ASB RETIRE (0800 272 738) or retire@asb.co.nz
• Send your completed forms to:
  FreePost Authority ASBGI
  ASB KiwiSaver Scheme
  Private Bag 93518
  Takapuna
  Auckland 0740

You can also make additional contributions via Inland Revenue who will then transfer your contribution to the ASB KiwiSaver Scheme:

• In person at any of their offices.
• Via an internet banking payment to Inland Revenue.