This form is to provide your details to your employer if
you are:
starting new employment
an existing employee and want to opt into KiwiSaver
a KiwiSaver member and want to change your contribution
rate.
Starting new employment
If you’re not already a KiwiSaver member, you will be
automatically enrolled and your employer will begin making
KiwiSaver deductions from your first payment of salary or
wages. However, you can opt out at any time on or after day14
and on or before day 56 of starting new employment - see your
KiwiSaver information pack for details.
Existing employees who want to become KiwiSaver
members
You can enrol in KiwiSaver by completing this form and giving
it to your employer. Your employer will determine if you are
eligible and then send your information to Inland Revenue and
start making KiwiSaver deductions for you.
Note: If you opt in, you cannot opt out. We suggest you get
financial advice before deciding to opt into KiwiSaver.
Existing KiwiSaver member
If you are already a member, your employer should begin
making KiwiSaver deductions for you unless you show them
a savings suspension notice. To ensure deductions start it
is recommended that you provide a KS2 form to your new
employer and to request confirmation the form has been
received. You’ll find more information in your KiwiSaver
information pack or go to www.kiwisaver.govt.nz
Contribution rate
KiwiSaver contributions will be deducted from each payment of
your salary or wages. You may choose a contribution rate of 3%,
4%, 6%, 8% or 10%. If you don’t choose a rate, the default rate
of 3% applies. If you want to contribute more you can make
voluntary contributions directly to your scheme provider.
If you want to change your contribution rate, complete sections
B and C of this form and give it to your employer.
For information on total remuneration packages and good
faith bargaining refer to www.kiwisaver.govt.nz and
www.employment.govt.nz (keyword: good faith).
Privacy
For full details of our privacy policy go to www.ird.govt.nz
(keyword: privacy).
What an employer should do with this completed form
Employer - don’t send this form to Inland Revenue. If the
new employee is subject to automatic enrolment or an existing
employee opts in, use this information to assist you to complete
the KS1. Keep this form with your business records for seven
years following the last salary or wage payment you make to
the employee.
For more information about KiwiSaver go to
www.kiwisaver.govt.nz
