Choosing the ASB KiwiSaver Scheme for your employees

KiwiSaver plays an important part in helping your employees’ financial future, but it can also be a complex subject to understand. By choosing the ASB KiwiSaver Scheme as your business’ preferred KiwiSaver scheme, your employees can relax knowing they’re saving with a trusted KiwiSaver scheme.


How it works

Employer role

KiwiSaver is a work-based savings initiative designed to help Kiwis save for their retirement. As an employer, you’re required to help administer KiwiSaver including: 

  • Enrol existing eligible employees who ask to join KiwiSaver.
  • Automatically enrol any new eligible employees and act on opt-out requests.
  • Provide Inland Revenue KiwiSaver packs to new employers or any employee who asks for one.
  • Deduct KiwiSaver contributions and make compulsory employer contributions with PAYE payments and forward to Inland Revenue.
  • Act on contributions holiday notices.
  • Change contribution levels when requested by employees.
  • Provide information to Inland Revenue about new employees who are automatically enrolled as well as new eligible employees who have opted into KiwiSaver.
  • Provide new employees with a written statement if you have an employer-chosen scheme, and also that scheme's investment statement.
  • Stop or start deductions when Inland Revenue advise you to.

Check the Inland Revenue website for more information about your obligations.

Employer contributions

Another important requirement is making employer contributions. If an employee is eligible, you will need to pay an employer contribution towards their KiwiSaver savings. The minimum is 3% of their before-tax salary or wage. All employers must pay this contribution, unless you are already contributing to a complying superannuation fund.


How your employees benefit

When you’re on board with us, your employees who don’t choose their own KiwiSaver provider will automatically be enrolled in the ASB KiwiSaver Scheme. This gives them access to:

  • KiwiSaver specialists who’ll answer any questions they may have.
  • A range of calculators and online tools to help them make the most of their KiwiSaver savings.
  • Wealth Managers who can help with financial advice.
  • A choice of funds with competitive fees to suit their financial goals.
  • The ability to manage their ASB KiwiSaver Scheme account online or on mobile.

We'll also update your employees on any changes to the ASB KiwiSaver Scheme, and keep in touch to make sure their KiwiSaver account continues to work for them.



How your business benefits

As an employer, you have certain obligations to meet. Ensuring you stay on top of all your obligations can be challenging and time-consuming.

Choosing the ASB KiwiSaver Scheme for your business could make things easier for you and take some of the stress away.

For a start, you’ll enjoy the full support of a dedicated relationship manager you can call on for help, information and advice any time.

We will also:

  • Provide KiwiSaver specialists to answer any questions your employees may have.
  • Supply detailed information packs for you to give to your employees.
  • Keep you up to date on any important changes to KiwiSaver.

At ASB, we’re here to make your job as easy as possible. So, get in touch now and let’s get things started.

Apply for the ASB KiwiSaver Scheme

Get an Employer Guide

Find out how to help your staff save with the ASB KiwiSaver Scheme.

Get a pack

Call us

Speak to a KiwiSaver specialist. 

0800 782 330

Visit a branch

Visit us at one of our many branches across New Zealand.

Find a branch

Email us

Find out more how ASB can help you and your employees.


Other helpful guides

ASB Wealth Managers' disclosure statements are available on request and free of charge from your ASB Wealth Manager. 

Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.business.govt.nz/disclose (search for ASB KiwiSaver Scheme).

ASB KiwiSaver Scheme Choosing the ASB KiwiSaver Scheme for your employees