Whether you’re new to KiwiSaver or transferring from another KiwiSaver provider, it’s easy to sign up and no switching fees are charged by Mercer. You can apply online, or download the product disclosure statement, complete the application form at the back and post it to us. You will need your IRD number and driver’s licence. It takes less than 2 minutes and we’ll do the rest on your behalf.

Contributions to your KiwiSaver account can come from you, your employer and the Government.

You can choose to contribute 3%, 4%, 6%, 8% or 10% from your before-tax salary or wages into your KiwiSaver account. Your employer contributes a minimum of 3% of your before-tax salary or wages, but may also contribute at other rates. The employer contribution does not apply to those who are self-employed.

You can make voluntary contributions to your KiwiSaver account via online banking and by searching for Mercer KiwiSaver scheme as a payee and following your bank’s instructions.

Take advantage of the annual Government contribution towards your KiwiSaver account and you could receive as much as $521 every year. More information about contributions can be found here.

The Mercer KiwiSaver scheme offers the choice of seven different investment options to suit your personal circumstances and financial objectives, ranging from Cash and Conservative, to Moderate, to High Growth and Shares. When choosing your investment option, it’s important to consider your life stage, how much risk you are willing to take and when you plan to withdraw your KiwiSaver money. To find out which investment option might be right for you, take our quick quiz online.

You can review and change your investment option at any time by calling our Helpline team on 0800 755 560 or logging into your KiwiSaver online account. It’s good to check your investment option annually or as your circumstances change. More information about our investment options can be found here.

Mercer invests responsibly and all of the Mercer KiwiSaver scheme funds have been certified by Responsible Investment Association Australasia (RIAA)¹. We believe a responsible investment approach is more likely to create and preserve long-term value. More information about Mercer’s responsible investment policy can be found here.

¹ The Responsible Investment Certification Program does not constitute financial product advice. Neither the Certification Symbol nor RIAA recommends to any person that any financial product is a suitable investment or that returns are guaranteed. Appropriate professional advice should be sought prior to making an investment decision. RIAA does not hold an Australian Financial Services Licence.

The fees you pay vary depending on the investment option(s) you invest in. Fees are deducted from your investments and you may be charged other fees on an individual basis for investor-specific decisions or actions. The dollar based administration fee is $27 per annum and the same administration fee applies even if you choose more than one investment fund. If you are under 18 years of age or have a balance of less than $1,000, we will not charge you the administration fee. Please click here to find out more about our fees.

Take advantage of the annual Government contribution towards your KiwiSaver account and you could receive as much as $521 every year. This annual contribution is calculated each year based on your contributions between 1 July to 30 June and paid directly into your KiwiSaver account. Despite market volatility it’s important to think about maximising the benefits of long term investing and receiving your maximum Government contribution if you can.

To be eligible for the Government Contribution you must:

  • Contribute at least $1,042.86 to your KiwiSaver account during the KiwiSaver financial year (between 1 July and 30 June). Employee or voluntary contributions count towards receiving your Government contribution entitlement.
  • Mainly residing in New Zealand during the year (there is an exception for Government employees who are serving outside New Zealand and any person working overseas as a volunteer, or for token payment, for a charitable organisation).
  • Be aged between 18 to 64 years (you can be older than 64 if you have been in KiwiSaver for less than 5 years) unless you have opted out.

If you are eligible, the Government will contribute 50 cents for every dollar you contribute to your KiwiSaver account, up to a maximum of $521.43 each year.  To see if you are on track to receive the maximum amount, sign in to your online account where under ‘Account Activity’ you can check how much you have contributed to ensure you reach the $1042.86 target before 30 June. If you have not contributed enough, you will need to top up your KiwiSaver account before 30 June and an easy way to top up is to pay directly into your KiwiSaver account via your online banking by searching for ‘Mercer KiwiSaver scheme’ as a new payee.

Your Mercer KiwiSaver scheme account is designed to help you boost your standard of living in retirement. You’ll be able to access your KiwiSaver funds once you reach the qualifying age for NZ Super, currently age 65. You may also be able to make an early withdrawal of part, or all, of your savings if you’re buying your first home, suffering from a serious illness, suffering significant financial hardship or permanently emigrating from New Zealand. More information can be found here.