Join or transfer to the BNZ KiwiSaver Scheme

It’s easy to join or transfer to the BNZ KiwiSaver Scheme. If you're a new customer you can join or transfer online, or at your local BNZ store. Existing BNZ customers can also do this through Internet Banking. You might also have been automatically enrolled by your employer or Inland Revenue.

Joining the BNZ KiwiSaver Scheme for the first time

If you’re joining KiwiSaver for the first time you need to be under 65 years old, a New Zealand citizen or permanent resident and living in New Zealand (unless you qualify on another basis).

What to do before you apply

  • Choose a fund into which your KiwiSaver savings will be invested. You have a choice of six different funds and you need to choose one that's right for you. It’s easy to do using our What kind of investor am I? tool. If you don’t make a choice, your contributions will be automatically invested in the Conservative Fund.
  • Select a Prescribed Investor Rate (PIR), which we’ll use to pay tax on your share of the BNZ KiwiSaver Scheme’s taxable income. As part of the application process you’ll need to know your PIR tax rate. Selecting the correct rate will ensure we pay the right amount of tax for you. Use the Work out my PIR tool to help you with this. If you don’t choose a PIR, we’ll apply the highest PIR, which is currently 28%.

How to apply

Existing BNZ customers

  • It’s quicker to join the BNZ KiwiSaver Scheme through Internet Banking because we can set up your KiwiSaver account straightaway. Simply login to Internet Banking, select Apply Now, and then choose BNZ KiwiSaver Scheme. You’ll need to have your NetGuard card ready.
  • Complete our online application form (provided you are 18 years old and over) — it should only take a few minutes.
  • Visit one of our stores and we’ll take you through the application process and answer any questions you may have.

You can download and print out the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.7MB

If you’d like personalised advice, call us and we’ll put you in touch with one of BNZ's Authorised Financial Advisers.

New BNZ customers

  • Complete our online application form (provided you are 18 years old and over) — it should only take a few minutes.
  • Visit one of our stores and we'll take you through the application process and answer any questions you may have. If you want to get this process started, you can download and print out the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.7MB

If you’d like personalised advice, call us and we’ll put you in touch with one of BNZ’s Authorised Financial Advisers.

Note: If you’re new to BNZ, you will need to visit a store with your identification after completing your application.

Set up a direct debit PDF 120KB

Joining if you’re under 18

Important legal guardian information

  • If the person enrolling is aged 15 or under, both parents / all legal guardians will be required to sign the application form.
  • If you are 16 or 17 years old, you and one of your parents or legal guardians will need to sign the application form (unless you are married, in a civil union or a de facto relationship, in which case only you must sign).

How to apply

You may have been automatically enrolled in the BNZ KiwiSaver Scheme by your employer or Inland Revenue.

How you became automatically enrolled

If you start a new job with a new employer, your employer will enrol you in KiwiSaver unless they are exempt from doing so. If you don’t opt out of KiwiSaver all together or if you don’t choose a KiwiSaver scheme, you’ll be allocated to your employer's chosen KiwiSaver scheme (if they have one) or one of the nine Government-appointed default KiwiSaver schemes. The BNZ KiwiSaver Scheme is one of the default KiwiSaver schemes.

What to do once you’ve been enrolled

Once enrolled, you can decide how you want your KiwiSaver account to work for you. You can do this by:

  • Choosing which fund you’d like to invest your KiwiSaver savings into. You have a choice of six different funds and you need to choose one that’s right for you. It’s easy to do using our What kind of investor am I? tool. If you don’t make a choice, your contributions will be automatically invested in the Conservative Fund.
  • Selecting a Prescribed Investor Rate (PIR), which we’ll use to pay tax on your share of the BNZ KiwiSaver Scheme’s taxable income. Selecting the correct rate will ensure we pay the right amount of tax for you. Use the Work out my PIR tool to help you with this. If you don’t choose a PIR, we’ll apply the highest PIR, which is currently 28%.
  • Viewing and managing almost every aspect of your BNZ KiwiSaver Scheme account online through Internet Banking. If you’re not already set up for Internet Banking, call us on 0800 269 5494 and we’ll take care of this for you.

For more information or for help getting started with your decisions about KiwiSaver, give us a call on 0800 269 5494, email us at kiwisaver.support.team@bnz.co.nz, or visit your local BNZ store.

Transferring from another KiwiSaver scheme

You can transfer to the BNZ KiwiSaver Scheme no matter what your age. We’ve made the process really simple. We’ll take care of transferring your savings from another KiwiSaver scheme as part of your application to join the BNZ KiwiSaver Scheme, so you don't need to do anything else.

What to do before you transfer

  • Make sure you consider any differences in the product terms, fees and investment style when deciding whether to transfer your KiwiSaver savings to the BNZ KiwiSaver Scheme, including the risks, benefits and options available to you.
  • Choose a fund into which your KiwiSaver savings will be invested. You have a choice of six different funds and you need to choose one that's right for you. It’s easy to do using our What kind of investor am I? tool. If you don’t make a choice, your contributions will be automatically invested in the Conservative Fund.
  • Select a Prescribed Investor Rate (PIR), which we'll use to pay tax on your share of the BNZ KiwiSaver Scheme’s taxable income. As part of the application process you’ll need to know your PIR tax rate. Selecting the correct rate will ensure we pay the right amount of tax for you. Use the Work out my PIR tool to help you with this. If you don’t choose a PIR, we’ll apply the highest PIR, which is currently 28%.

How to make the transfer

Existing BNZ customers

  • It’s quicker to transfer to and join the BNZ KiwiSaver Scheme through Internet Banking, because we can set up your KiwiSaver account straight away. Just login, select Apply Now and then choose BNZ KiwiSaver Scheme. You'll need to have your NetGuard card ready.
  • Complete our online application form (provided you are 18 years old and over) — it should only take a few minutes.
  • Visit one of our stores and we’ll take you through the process and make the transfer for you.

New BNZ customers

  • Complete our online application form (provided you are 18 years old and over) — it should only take a few minutes. You can give us the transfer details at the same time.
  • Visit one of our stores and we'll take you through the transfer process and answer any questions you may have.
  • If you are new to BNZ, you will need to visit a store with your identification after completing your application.

NOTE: If you’re transferring from another KiwiSaver scheme, it can take up to 8 weeks for your KiwiSaver savings to be transferred to us.

Small Print

BNZ Investment Services Limited, a wholly owned subsidiary of BNZ, is the Issuer and Manager of the BNZ KiwiSaver Scheme. Download a copy of the BNZ KiwiSaver Scheme Product Disclosure Statement PDF 1.5MB, or pick up a copy from your local BNZ store.

Investments made in the BNZ KiwiSaver Scheme do not represent deposits or other liabilities of BNZ or any other member of the National Australia Bank Limited group, and are subject to investment risk, including possible delays in repayment and loss of income and principal invested. None of BNZ, any other member of the National Australia Bank Limited group, the Supervisor, any director of any of them, the Crown or any other person guarantees (either fully or in part) the performance or returns of the BNZ KiwiSaver Scheme or the repayment of capital.

BNZ Authorised Financial Advisers' Disclosure Statements are available on request and free of charge.