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. Use our simple tool that makes choosing a fund easy. 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
-
If you are self-employed (and are not paying yourself via PAYE) or not employed, you have the flexibility to stop ...
-
If you have been automatically enrolled in KiwiSaver because you recently started a new job or you asked your employer ...
-
The annual Government contribution (also known as a member tax credit) is calculated based on a year that begins on ...
-
Yes, you can. You’ll need to be an existing ASB customer and be registered for FastNet Classic online banking. If ...
-
In circumstances such as significant financial hardship or serious illness, you can apply for an early withdrawal of some or ...
-
When you change jobs, ask your new employer to start making KiwiSaver deductions. These will continue to be transferred to ...
-
If you're employed, you can apply for a savings suspension of between three months and one year if you have ...
-
Not from Government paid parental leave. Any parental leave paid by your employer will be subject to KiwiSaver deductions unless ...
-
If you are an employee, you can apply to Inland Revenue to stop making contributions temporarily if one of the ...
-
If your money is getting stretched a little too thin, you can apply for a savings suspension if you have ...
-
You can check your ASB KiwiSaver Scheme account balance by: Logging in to ASB FastNet Classic internet banking. Checking on ...