As an employer, you will play an important role in helping your employees save for their retirement. KiwiSaver has been designed to minimise any extra work for you.

As an employer you are required to:

• Provide all new employees (and existing employees who opt in to KiwiSaver) with a KiwiSaver information pack – supplied by Inland Revenue – within seven days of joining.
• Provide the details of new employees (and any employees who opt in) to Inland Revenue.
• Contribute a minimum of 1% of each employee’s gross salary or wages to their KiwiSaver scheme. From 1 April 2009 this amount will increase to 2% of an employee’s gross salary or wages.
• Make deductions of employees’ KiwiSaver contributions from their gross salary or wages and forward these (together with your own contributions) to Inland Revenue, via PAYE.
• Accept and forward any employee ‘opt out’ notifications to Inland Revenue.
• Refund contributions, which have been deducted but not yet forwarded to Inland Revenue, to any employee who opts out. (Temporary staff on contracts of 28 days or less are not required to be enrolled.

More detailed information is provided to employers by Inland Revenue in its KiwiSaver Employer’s Guide. More information can be found at IRD’s KiwiSaver website. A link is provided via the KiwiSaver logo.

Choosing the Koinonia Fund as your chosen provider is a simple yet effective way to help your employees start to save for their retirement.

An employer can select a KiwiSaver scheme to be its “chosen scheme”. If an employee does not choose a KiwiSaver scheme for themselves then they will be allocated to the employer’s chosen KiwiSaver scheme.

Employees who do not choose their own scheme (and where their employer does not have a chosen scheme) will be randomly allocated to a default provider by Inland Revenue.

By choosing to elect the Koinonia Fund as your chosen scheme, your employees will end up in a scheme that they can customise to suit their investment needs based on an ethical investment policy.

Employers who choose a scheme are not responsible for the performance of the scheme nor will they be regarded as an issuer or promoter of the scheme under the Securities Act.

For more information about choosing the Koinonia Fund for your employees please contact the Fund Administrator.

Select the Koinonia Fund as your chosen scheme here.