I'm a member of the ASB KiwiSaver Scheme by default, what does this mean and what are my options?
You have been allocated by Inland Revenue to the Conservative Fund in the ASB KiwiSaver Scheme because you have not chosen a KiwiSaver scheme yourself, and your employer doesn’t have a preferred KiwiSaver scheme.
You have choices available to you. You can:
1. Stay with the ASB KiwiSaver Scheme. If you choose to stay with the ASB KiwiSaver Scheme, it is important that you are in the right fund. Get help choosing an ASB KiwiSaver fund to see which fund we recommend for your investment timeframe. You may switch funds at any time, online via FastNet Classic internet banking, or by completing the Changing your Fund form. If you haven’t already provided us with identification, we’ll need to see that as well.
2. Choose to transfer to another KiwiSaver scheme by completing the application form for that scheme.
3. Opt out of KiwiSaver. If you have recently started a new job and have been automatically enrolled in KiwiSaver, you may opt out if you don’t want to join a KiwiSaver scheme. If you want to opt out you will need to do this between the second and eighth week (i.e. on or after day 14 and on or before day 56) of starting your new job. You can do this by completing an online opt-out form at kiwisaver.govt.nz or a new employee opt-out request (KS 10) form. Inland Revenue will refund any contributions you have made.
Related Answers
-
Yes, subject to the recommended investment product or service criteria. Please refer to the ASB Investment Funds Product Disclosure Statement ...
-
If you are transferring to the ASB KiwiSaver Scheme, it may be up to 35 days before the transfer is ...
-
Yes, you can. You’ll need to be an existing ASB customer and be registered for FastNet Classic online banking. If ...
-
The annual Government contribution (also known as a member tax credit) is calculated based on a year that begins on ...
-
The website address for FastNet Classic internet banking and Online Share Trading has changed to support some new features introduced ...
-
The graph represents a trend of your monthly investment balances as at the 1st of each month and displays a ...
-
You have been allocated by Inland Revenue to the Conservative Fund in the ASB KiwiSaver Scheme because you have not ...
-
Yes, you can make regular voluntary contributions to your ASB KiwiSaver Scheme account in FastNet Classic. Find more information on ...
-
No. You can only make a KiwiSaver first home withdrawal.
-
You can hide accounts so they do not display on your Balances summary and money cannot be transferred out of ...
