Enjoy greater control over your future with the help of AMP KiwiSaver Scheme. Where will your retirement savings take you?
Perhaps you are opening your very first KiwiSaver account as a new KiwiSaver member. Maybe you’re considering transferring your funds from your current KiwiSaver scheme provider to one that better suits your needs. Maybe you’ve always used your default KiwiSaver provider and have recently realised you can change.
Whatever the case, you’re looking for a KiwiSaver scheme provider that performs.
By choosing AMP KiwiSaver Scheme, your retirement savings (and potentially your first home savings) are placed in a flexible , sustainable and trusted investment scheme, with experts who are always on hand to help.
The process of joining AMP KiwiSaver couldn’t be simpler, and is the same whether you are joining KiwiSaver for the first time or you are looking to transfer funds from another provider:
1. Fill in the AMP KiwiSaver Scheme application form.
2. Double check all your details, then click ‘Join’.
3. Having confirmed your details, we’ll take care of everything else. We’ll let Inland Revenue (IRD) know that you’ve joined, and if you’re switching to the AMP KiwiSaver Scheme, we’ll contact your old KiwiSaver provider and organise the transfer of your balance across to us.
You don’t even have to tell your employer that you’ve changed your KiwiSaver scheme provider – we’ll work directly with the IRD to sort it all out for you.
This process can take a few weeks, so you can sit back and relax while it happens. As soon as it’s complete we’ll send you a welcome pack.
The AMP KiwiSaver Scheme application form only takes a few minutes to fill out, and will ask for the following information:
Fill in basic personal information such as your name, date of birth, address and contact details. Verify your identity online with either your New Zealand driver’s licence or passport (you don’t necessarily need to be a New Zealand citizen, just a permanent resident).
We’ll ask for your IRD number and your prescribed investor rate (PIR) – the tax on the income that your KiwiSaver contributions generate. Your PIR tax level will either be 10.5%, 17.5% or 28.5%. Not sure of your tax rate? Calculate your PIR rate here.
At AMP we offer dozens of different KiwiSaver funds that you can choose to invest in. You can mix and match up to seven, including by risk/possible reward level: Aggressive, Growth, Balanced or Conservative funds.
It’s important to remember that KiwiSaver is a long-term investment – patience can deliver significant rewards.
You may not need to join or transfer your KiwiSaver at all – an employer can automatically enrol its employees in a chosen scheme if they don’t already have a KiwiSaver account .
If that’s you, and your employer has automatically signed you up to the AMP KiwiSaver scheme, you don’t need to join or enrol at all. Simply head to our funds page to review your investment options, then log into MyAMP to choose your preferred funds!
How much money do you need to save before you retire from full-time work? How long will it take to save a house deposit? The AMP KiwiSaver Calculator lets you gaze into the crystal ball, to see what your future balance might look like and how you might be able to get there.
If you are considering your KiwiSaver provider options, AMP offers sustainable investments, ultimate choice, healthy returns and expert help when you need it.
We recommend speaking to a financial adviser when looking for financial advice. By speaking with a financial adviser, you can find out how your plan is working (or not) for you, and they can provide guidance on some suggested changes if needed.
As an AMP KiwiSaver Scheme customer you have access to financial advice whenever you need it which can be obtained either through AMP or an external Adviser. The financial advice that can be provided by an internal AMP Adviser is limited to AMP products, whereas an external Adviser may be able to advise you on a broader range of financial matters.
You’ve joined or transferred to the AMP KiwiSaver Scheme, what’s your next move? Follow the links below to learn more about how KiwiSaver works, how to maximise your money, and what you can do with your savings.
Whether you’re the proud owner of a new job and want to learn the basics of KiwiSaver, or you’re simply looking at ways to get your retirement savings working for you, our comprehensive KiwiSaver guide tells you all you need to know, from eligibility to funds management to government contributions.
Retirement savings extend beyond compulsory employer contributions on your gross salary. Voluntary contributions (especially if you’re self-employed), coupled with government contributions, help to build your retirement nest egg. Under certain circumstances, like financial hardship or parental leave, you can also apply for a savings suspension on compulsory contributions. Here's everything you need to understand to maximise your KiwiSaver potential.
You don’t have to wait until retirement to access the savings in your KiwiSaver account. As a first home buyer, you may be able to use them if you have been invested for at least three years in a KiwiSaver Scheme (minus any Australian superannuation savings transferred over). Check out all you need to know about KiwiSaver first home withdrawals below.