Kiwi Saver

GPTKB entity

Statements (62)
Predicate Object
gptkbp:instance_of gptkb:urban_area
gptkbp:annual_report provided to members
gptkbp:community_impact supports economic growth
gptkbp:community_support promotes community savings initiatives
gptkbp:contribution_holiday up to 5 years
gptkbp:contribution_matching employer matches employee contributions
gptkbp:created_by gptkb:New_Zealand_government
gptkbp:default_provider assigned by the government
gptkbp:economic_policy supports retirement savings
gptkbp:employer_contribution minimum 3% of salary
gptkbp:engagement encouraged through education
gptkbp:financial_security aims to improve financial security for retirees
gptkbp:financials promotes understanding of savings
gptkbp:fund_diversification encouraged for risk management
gptkbp:fund_management_fees varies by provider
gptkbp:fund_performance_reports provided to members annually
gptkbp:funding active funds
passive funds
gptkbp:future_goals helps achieve retirement goals
gptkbp:government_contribution up to $521.43 per year
https://www.w3.org/2000/01/rdf-schema#label Kiwi Saver
gptkbp:impact_on_housing_market increased first home buyers
gptkbp:impact_on_retirement_savings increased savings rates
gptkbp:impact_on_savings_behavior influences saving habits
gptkbp:investment socially responsible funds
balanced funds
conservative funds
default funds
growth funds
varies by fund choice
gptkbp:investment_strategy varies by provider
available for members
varies by fund type
gptkbp:is_funded_by monitored by FMA
gptkbp:is_targeted_at New Zealand residents
gptkbp:launched July 1, 2007
gptkbp:long_term_planning encourages long-term financial planning
gptkbp:managed_by registered providers
gptkbp:maximum_age_for_membership no maximum age
gptkbp:member can choose own provider
members have rights to information
gptkbp:membership voluntary for self-employed
automatic enrollment for employees
gptkbp:membership_benefits access to retirement funds
gptkbp:membership_fee 3% to 10% of salary
gptkbp:minimum_age_for_withdrawal 65 years
gptkbp:opt_out_period 8 weeks
gptkbp:pension_system part of New Zealand's pension system
gptkbp:prize_pool encourages saving for retirement
gptkbp:public_awareness campaigns to inform citizens
gptkbp:regulatory_body gptkb:Financial_Markets_Authority
gptkbp:regulatory_compliance complies with financial regulations
subject to government policy changes
gptkbp:retirement_year 65 years for full benefits
gptkbp:sustainability promotes long-term savings
gptkbp:type_of taxed at 28% on investment income
gptkbp:withdrawal_purpose retirement
first home purchase
serious illness
gptkbp:withdrawal_restrictions conditions apply for withdrawals
gptkbp:bfsParent gptkb:Kiwibank
gptkbp:bfsLayer 6