Manage your account online
You can keep track of your BNZ KiwiSaver Scheme savings in Internet Banking or the BNZ app, and make changes at any time including changing funds, and adjusting your contribution rate.
KiwiSaver options from age 65
When you turn 65, you can choose to withdraw your BNZ KiwiSaver Scheme savings, continue growing your investment, or do a bit of both.
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Continue growing your savings
Your KiwiSaver account is there to support you throughout your retirement. If you choose to continue saving, here are a few things that can help.
Ways to manage your account
Review your current fund
When you reach 65, it’s important to review your fund choice to make sure you grow your savings to meet your needs when you decide to retire. Use our guide to work out whether another fund might be better suited for the future.
Withdrawing your funds
You can withdraw some or all of your KiwiSaver savings at any time after you turn 65 (the eligible age for New Zealand Superannuation). All withdrawals are tax-free. Once you reach 65, Government contributions will stop and your employer can also stop their contributions.
Regular withdrawals
This is a convenient way to manage your money and supplement any other income. You can choose an amount and a payment frequency that works best for you, subject to the minimum withdrawal amounts.
Lump sum withdrawals
Keep your money working hard in a BNZ KiwiSaver Scheme account and use it to meet any one-off expenses by making withdrawals as and when you need to.
Full withdrawal
You can withdraw all your savings including the Government contributions in one go. If you choose this option, we’ll close your BNZ KiwiSaver Scheme account after transferring the full amount to you.
How to withdraw your funds
1. Fill in the BNZ KiwiSaver Scheme retirement withdrawal application form (PDF 132KB).
2. Take the form to a Justice of the Peace, solicitor of the High Court of New Zealand, notary public, or another person authorised to complete the statutory declaration section of the form.
3. Drop the completed form into any BNZ branch or post it to:
Freepost BNZ KiwiSaver Scheme
Private Bag 92208
Auckland 1142
New Zealand
Once we receive your completed form, it can take up to 15 business days to process and deposit the funds into your nominated account.
Articles and blogs
How to make the most out of KiwiSaver when you turn 65
There are new KiwiSaver options that become available to you when you turn 65, so you can choose what works best for you.
Choosing the right fund for your retirement timeframe
Being in the right fund is important when you’re close to retirement or already retired.
Managing your money when you retire
If you’re close to retiring or have already retired, then make sure you have a plan in place to stay on top of your finances.
BNZ KiwiSaver Scheme help and support
If you need some help call 0800 269 5494.
- Getting the most out of your KiwiSaver account
- Understanding your annual statement
- Changing your BNZ KiwiSaver Scheme fund in Internet Banking
- BNZ KiwiSaver Scheme fund updates
BNZ Investment Services Limited, a wholly owned subsidiary of Harbour Asset Management Limited, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement (PDF 1.1MB), or pick up a copy from a BNZ branch.
Investments in the BNZ KiwiSaver Scheme are not bank deposits or other liabilities of Bank of New Zealand (BNZ) or any other member of the National Australia Bank Limited group. They are subject to investment risk, including possible delays in repayment. You could get back less than the total contributed. No person (including the New Zealand Government) guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of amounts contributed. National Australia Bank Limited, the ultimate owner of BNZ, is not a registered bank in New Zealand but a licensed bank in Australia and is not authorised to offer the products and services mentioned on this webpage to customers in New Zealand.
BNZ Investment Services Limited (BNZISL) uses the BNZ brand under licence from Bank of New Zealand, whose ultimate parent company is National Australia Bank Limited. No member of the FirstCape group (including BNZISL) is a member of the NAB group of companies (NAB Group). No member of the NAB Group (including Bank of New Zealand) guarantees, or supports, the performance of any member of FirstCape group’s obligations to any party.
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