when did kiwisaver start in nz

KiwiSaver started in New Zealand on 1 July 2007, after being legislated in 2006.

Quick Scoop

• The KiwiSaver Act 2006 set up the legal framework for the scheme, with Parliament passing the law in 2006.

• The scheme then officially launched and began operating for members on 1 July 2007 (some sources describe this as “1 July 2007” and others as “2 July 2007”, but the activation date in New Zealand is treated as 1 July 2007 because that is when the scheme went live at the start of the new financial year).

• From that date, New Zealanders could enroll, contribute from their pay, and receive employer and government contributions into their KiwiSaver accounts as a long‑term savings plan for retirement and (in some cases) a first home.

Information gathered from public forums or data available on the internet and portrayed here.