If you’ve been automatically enrolled but do not want to be a KiwiSaver member you can opt out.
You can opt out between the end of week 2 and week 8.
If you do not opt out, you will stay in KiwiSaver and your employer will deduct contributions from your pay.
If you've been in KiwiSaver for over 8 weeks
We may accept late opt outs for up to 3 months after we get your first contribution if:
- your employer did not give you a KiwiSaver employee information pack - KS3 within 7 days of you starting your job
- we did not send you a product disclosure statement for the default KiwiSaver scheme we allocated you to
- your employer did not give you a product disclosure statement for their chosen KiwiSaver scheme
- events outside your control meant you could not deliver your opt out notice on time
- you should not have been automatically enrolled.
If you are under 19 years of age
You may be able to opt out if:
- your employer incorrectly enrolled before you turned 18
- you were incorrectly enrolled and didn’t have your guardians' consent to join KiwiSaver
- you are under 16 and you want to opt out. Your guardian must agree.
You may not be able to opt out if:
- you contacted a provider and chose your own investment scheme
- your guardians signed you up for KiwiSaver or gave consent for you to join
- you opted in directly after you turned 18.
If you joined directly with a provider
If you joined directly with a KiwiSaver provider you cannot opt out, but you might be able to take a savings suspension.