We show how you can check your KiwiSaver balance on mobile and desktop, as well as answering some common questions about KiwiSaver balances and how you can best manage yours.
In this ‘how-to’ article we show you exactly how to check your KiwiSaver balance with step-by-step instructions. If you were also wondering how to find your KiwiSaver provider, see how much you’re contributing, and see what percentage of that is taxed, then you’re in luck! We’ve got all the details laid out below…
How To Check Your KiwiSaver Balance
Step 1: Firstly, navigate to your KiwiSaver provider’s website (if you’re not sure who your provider is then click here).
Step 2: Log in to your account, typically by entering your username, member number, or email address and your password.
Step 3: Once successfully logged in, you’ll find your KiwiSaver balance displayed on this new page, along with several links with other information about your KiwiSaver account.
Step 4: If your KiwiSaver is with your bank, you can find your KiwiSaver balance by logging into your online banking portal. Your KiwiSaver balance will appear as an account held within your online banking portal.
Viewing your balance on mobile
If your KiwiSaver account is with your bank, you can access your KiwiSaver balance on your mobile by logging into your mobile banking app and navigating your way to your KiwiSaver account.
If your KiwiSaver account is not with your bank, your provider may still offer a mobile phone app. To determine if they do, search for your KiwiSaver provider’s name within the app store. Similar to the bank’s app above, you can log in by entering the required details to find your KiwiSaver balance.
If you’d like your balance to be growing faster, and/or you’re looking to change to a fund that’s values are better matched to your own, then take a look at our KiwiSaver Fact-Find. By asking a few simple questions we can help identify the perfect KiwiSaver investment for you, so get started here and let’s get your KiwiSaver sorted!
How Do I Find My KiwiSaver Provider?
To find your KiwiSaver provider, navigate your way to https://myir.ird.govt.nz/eservices/home/_/ and log in to your ‘myIR’.
You will be presented with a window that has a section approximately halfway down that reads ‘KiwiSaver member’.
Next to the title ‘KiwiSaver member’ is your KiwiSaver provider. If you do not have myIR set up, you can ring 0800 KIWISAVER (0800 5494 72837) and follow the phone prompts to find your KiwiSaver provider. The phone number will go through to the IRD, and you will need to enter or say your IRD number. You will then need to say you are calling about “KiwiSaver” and the KiwiSaver information you want relates to your “Scheme details”. You will also need to give your date of birth.
Is KiwiSaver Taxed?
Yes, your KiwiSaver returns are taxed. KiwiSaver funds are invested in a range of assets including shares, bonds, cash equivalents and others. Interest and dividends received on these assets are subject to tax in line with your prescribed investor tax rate (PIR).
However, you should note that your provider is responsible for paying any tax due. If your KiwiSaver balance grows, for example from $35,000 to $40,000 in a year without you contributing, you will not be responsible to pay tax on the $5,000 of returns. Similarly, you will not pay any tax when withdrawing your KiwiSaver.
How Much KiwiSaver Do I Pay?
Firstly, if you are self-employed, not employed, or not working in New Zealand, you will not be contributing anything towards your KiwiSaver investment unless you are doing so voluntarily.
If you are employed, how much you contribute to your KiwiSaver account is dependent on two things…
- How much you earn; and
- What your contribution rate is
You can either contribute 3%, 4%, 6%, 8%, or 10% of your gross salary before tax. Your employer is also legally required to match your KiwiSaver contributions up to a minimum of 3%, however their contributions are net of tax. For more information on employer contributions, you can refer to our article linked here.
Are you looking to get more out of KiwiSaver?
Fill out our fact-find below and we’ll identify the best performing fund that matches your investing horizon, values, and expectations.