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kiwisaver.govt.nz View Your Balances & Transactions Online New Zealand : Inland Revenue

Name of the Organization : Inland Revenue
Type of Facility : View Your KiwiSaver Balances & Transactions
Country : New Zealand

Website : http://www.kiwisaver.govt.nz/

View Your KiwiSaver Balances & Transactions :

Register now for My KiwiSaver and IRD online services.Get one user ID and password and use both services.

Related : Inland Revenue Check Your Balance Online New Zealand : www.statusin.org/11218.html

On kiwisaver.govt.nz:
** View your KiwiSaver balances and transactions
** Update your KiwiSaver contact details
** Apply for a contributions holiday

On ird.govt.nz:
** View your balances and transactions
** Get your earnings information
** Communicate with us via secure email

Register/Login : https://www.ird.govt.nz/

New to KiwiSaver:
KiwiSaver is a savings initiative to help set you up for your retirement. Most members will build up their savings through regular contributions from their pay.

How does KiwiSaver work?:
Your KiwiSaver savings are made up of contributions to your account, plus or minus investment returns, minus any withdrawals, fees and taxes.

Who’s involved in KiwiSaver:
KiwiSaver is a government initiative involving KiwiSaver providers, employers and several government agencies.

KiwiSaver providers:
KiwiSaver providers have the primary relationship with members.

A KiwiSaver provider is an organisation that offers a KiwiSaver scheme and is responsible for managing members’ savings in the scheme. Members can choose from a wide range of schemes offered by a variety of organisations – from the big name banks, insurance companies and investment managers, through to specialist or boutique managers.

All KiwiSaver schemes are regulated by the Financial Markets Authority in a similar way to other registered superannuation schemes. There are additional measures in place to make sure KiwiSaver schemes are competitive and members’ best interests are looked after.

Employers:
For most people, KiwiSaver is a work-based savings plan, so employers play an important role. Employers:
** give new employees and other staff who are interested an Employee information pack (KS3)
** pass their employees’ details to Inland Revenue to enable them to be automatically enrolled (if they’re not already a KiwiSaver member)
** can choose a KiwiSaver scheme for employees who don’t want to select their own
** deduct KiwiSaver contributions from employees’ before-tax pay
** pay a compulsory contribution to their employees’ KiwiSaver account or complying fund
** act on a new employee’s request if they choose to opt out within the 2 to 8 week opt-out timeframe
** stop payments if their employee begins a contributions holiday, and restart them again once the holiday expires
** stop payments if Inland Revenue or their employee gives them the required notice
** keep certain KiwiSaver records required by law.

Government:
Under the KiwiSaver initiative the Government:
** contributes a $1,000 (tax-free) kick-start payment to each member’s account when they join for the first time
** pays an annual member tax credit to eligible members
** funds the first home deposit subsidy through Housing New Zealand for people who meet the criteria.

KiwiSaver is not guaranteed by the Government.

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