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.
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:
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.
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:
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.
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.
At ASB, we’re here to make your job as easy as possible. So, get in touch now and let’s get things started.
Find out how to help your staff save with the ASB KiwiSaver Scheme.
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).