KiwiSaver Law Changes – Effective from 1st April of 2019 

On the 12th of March this year the new Taxation Bill passed its Third Reading in Parliament and will now take effect from the 1st of April this year.


The main news here is that the KiwiSaver rules are about to change.


The Taxation Bill passed will introduce the following key law changes:

Effective from the 1st of April 2019:

  • The introduction of new contribution rates of 6% and 10%.
  • The name change from “contribution holiday” to “savings suspension”, and its reduction from a maximum of five years to one year.

Effective from the 1st of July 2019:

  • The possibility for people over 65 to join KiwiSaver.
  • The removal of the lock-in period that required people over 60 who just joined the scheme to wait for five years before withdrawing their money.


To read more on the subject check out the CFCC’s (Commission for Financial Capability) coverage of the Kiwisaver Law Changes here.

©1987 – present WISEplanning. All Rights Reserved. The integral concepts are part of The Money M – A – T – R – I -X and Wise Asset Management and cannot be used without the written permission of WISEplanning. If you would like further information about The Money M – A – T – R – I -X programme other services and products, please telephone 03 375 7001, fax 03 386 0686 or email 

Attention: Any form of reproduction, or further dissemination of this content is strictly prohibited. The views and opinions expressed are those of the author, and are not necessarily those of WISEplanning, and are not intended to be a personalised service for an individual retail client. The views and opinions are general in nature, and may not be relevant to an individual’s circumstances. Before making any investment, insurance or other financial decisions, you should consult a professional financial adviser for personalised advice.

Any calculated projections or any predictions given by me to you are not guaranteed and are merely an expression of opinion and are intended for illustration purposes only.
Product performance can vary over time. The payment of a particular rate of return and the repayment of your capital is not guaranteed by myself, the company or any of its officers,  Historical information and performance may not necessarily be a good guide to future performance.

While every care has been taken to supply accurate information, errors and omissions may occur. Accordingly, WISEplanning accepts no responsibility for any loss caused as a result of any person relying on the information supplied.

Any mention of Warren Buffett or other successful investors is not intended to mislead anyone to think that WISEplanning or clients of WISEplanning will be as successful as Warren Buffett and other successful investors.

If you would like a copy of our disclosure statements please email or click here