KiwiSaver

Amendments have been made to the KiwiSaver Act 2006.

Employer exemption from automatic enrolment rules

Amendments have been made to the exempt employer provisions to preserve exempt employer status in certain circumstances.

Consistency between PAYE and KiwiSaver rules

Previously there was inconsistency between the KiwiSaver rules and the PAYE rules for school children.

Temporary employment - requirement to make Kiwisaver deductions

An amendment has been made to ensure that existing KiwiSaver members who begin temporary employment are able to give their employer a KiwiSaver notice requiring deductions of contributions to be made from salary or wages.

Provision of annual reports

Section 122 of the KiwiSaver Act 2006 has been amended to allow scheme providers to satisfy the requirements to provide an annual report by sending a hyperlink in an email which links to the annual report, to any members who have agreed to this in writing.

Leasehold estate for first home withdrawal

Clause 8, schedule 1 of the KiwiSaver Act 2006 allows members of KiwiSaver to withdraw their accumulated savings, less the one-off $1,000 kick-start Crown contribution and any member tax credits, to use for the purchase of a first home.

Enrolment of under 18-year-olds

Amendments have been made to provide clarity about who can enrol under 18-year-olds into KiwiSaver.

Date published: 05 Nov 2010

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