Use this form if:
• if you are a new employee who wants to opt out of KiwiSaver
• if you were incorrectly enrolled in KiwiSaver under 18 years
of age
You can opt out on or after day 14 and on or before day 56 of
starting new employment.
You can’t opt out in the rst 13 days.
Every time you start new employment, you’ll need to opt out
again.
Complete the form then, either:
• give this form to your employer so they can stop deductions
immediately (for prompt return of your contributions, your
employer can direct refund any KiwiSaver deductions they
haven’t sent to us), or
• send this form to Inland Revenue—see address below.
If you were under 18 and enrolled in KiwiSaver without the
consent of a parent or legal guardian, you may be able to opt out:
• with the consent of a legal guardian if you’re under 16
• without the consent of a legal guardian if you’re between 16
and 18.
Send your completed form conrming the reason you’re opting
out (Section C), and your parent or legal guardian’s written
consent (if required) to Inland Revenue at the address below.
Late opt-out request
We may accept late opt-out applications if:
• your employer didn’t give you a KiwiSaver information pack
within seven days of starting employment
• we didn’t send you an investment statement when we’ve
allocated you to a default scheme
• your employer didn’t give you an investment statement (for
their chosen KiwiSaver scheme)
• events outside your control meant you couldn’t give us your
opt-out application within the eight-week time limit
• you chose to opt in or were opted in to KiwiSaver but you did
not meet the criteria to (see Employee information pack -
KS3 for criteria)
• you were incorrectly enrolled under the age of 18.
Note: Give this form to your employer, or send it directly to
InlandRevenue, if you are making a late opt-out application. Your
request can only be considered if it’s received by InlandRevenue
or your employer within three months from the day Inland
Revenue receives your rst contribution. We will advise you if
your opt-out request has been accepted or declined.
Minors incorrectly enrolled
• enrolled before your 18th birthday without the necessary
guardians/parents consent
• Have not reached your 19th birthday
• under 16 years old will need the consent from a parent or
legal guardian to opt out
• complete the panel at the bottom of the form with reasons
why you can opt out and attach consent from parent or legal
guardian if you are under 16.
We will send conrmation as to whether your opt out has been
approved or not.
We will also advise your employer. If approved your employer
will stop deductions.
Either Inland Revenue or your employer will refund any
deductions that have been made.
Bank account details
We need your bank account details so we can direct credit any
KiwiSaver funds we are holding for you to your bank account.
If you don’t have these details, send the form to us anyway.
You’ll nd more information in your
Employee information
pack - KS3
or by going to ird.govt.nz/kiwisaver
Privacy
Meeting your tax obligations means giving us accurate
information so we can assess your tax and entitlements under
the Acts we administer. We may charge penalties if you do not.
We may also exchange information about you with:
• some government agencies
• another country, if we have an information supply agreement
with them, and
• Statistics New Zealand (for statistical purposes only).
You can ask for the personal information we hold about you.
We’ll give the information to you and correct any errors, unless
we have a lawful reason not to. Find our full privacy policy at
ird.govt.nz/privacy
What an employer should do with this completed
form
Send this form to Inland Revenue no later than the next time
you’re required to send an Employment information - IR348
to Inland Revenue at the address below, or you can send the
information electronically in your Payroll returns account in
myIR. Go to ird.govt.nz/myIR to register.
Send this completed form to:
Inland Revenue
PO Box 39090
Wellington Mail Centre
Lower Hutt 5045
For more information about KiwiSaver go to
ird.govt.nz/kiwisaver or call us on 0800549472.