Saving for retirement when you're self-employed

Did you know self-employed KiwiSaver members may also be eligible for the KiwiSaver benefits? These include the annual Government contribution and the KiwiSaver first home withdrawal which can help you get into your first home sooner.

Why invest in the ASB KiwiSaver Scheme?

Low cost

The ASB KiwiSaver Scheme is a relatively low cost way to invest; the fees are competitive so more of your money stays invested.

Range of funds to choose from

The ASB KiwiSaver Scheme gives you access to a range of professionally managed funds that vary in risk and potential returns. We also offer a Positive Impact Fund that aims to provide moderate to high returns from an exposure to a portfolio of investments with a preference for those that make a positive impact on society of the environment.

Use our tools

Use our Help Me Choose tool that makes selecting a fund easy and our KiwiSaver calculator to see the impact of increasing your contributions and how long your savings could last you in retirement.

Make the most of the annual Government contribution

As a KiwiSaver member, you may be eligible for the annual Government contribution. To receive the full annual Government contribution, you'll need to contribute at least $1,042.86 between 1 July and 30 June each year and meet the eligibility criteria. You'll be able to receive the annual Government contribution from the age of 18 up until you're eligible to make a KiwiSaver retirement withdrawal as long as you live mainly in New Zealand.

Click here find out more about the annual Government contribution and whether you are eligible. 

Two ways to contribute

Do you draw from your business account to pay yourself?

Do you pay yourself a PAYE salary?

  • You pay KiwiSaver contributions of 3%, 4%, 6%, 8% or 10% like a regular employee.
  • You'll also need to make employer contributions to your KiwiSaver account.

True Rewards transfers

You can use your True Rewards dollars to top up your KiwiSaver savings. With ASB, you can transfer any True Reward dollars you earn into your ASB KiwiSaver Scheme account. You can also use True Rewards dollars to top up someone else's ASB KiwiSaver Scheme account. Log in to FastNet Classic internet banking and select True Rewards from your list of accounts on the main menu. Then select 'Contribute to the ASB KiwiSaver Scheme' and complete the online application. You'll need your IRD number and ASB KiwiSaver Scheme member number as references.

Use your KiwiSaver savings to help get into your first home

If you meet the eligibility criteria, you'll be able to use your KiwiSaver savings to put towards the purchase of your first home. You'll need to leave a minimum balance of $1,000 in your KiwiSaver account and you cannot withdraw any amount transferred from an Australian complying superannuation fund. You can only make a KiwiSaver first home withdrawal once.

Even if you've owned property before, you may still be eligible to withdraw your savings if Kāinga Ora decides you're in the same financial position as a first home buyer.

Join or transfer to the ASB KiwiSaver Scheme

Join or transfer

Ready for the next step? Join or transfer and start saving.

Join or transfer

Call us

Speak to a KiwiSaver specialist.

0800 ASB RETIRE (0800 272 738)

Visit a branch

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

Find a branch

Any questions?

We’ll help with your ASB KiwiSaver Scheme query.

Ask us now

Other helpful guides

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.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).

ASB's terms apply. ASB Rewards Programme Terms and Conditions apply.

ASB KiwiSaver Scheme Saving for retirement when you’re self-employed