KiwiSaver started on 1 July 2007, after being set up in law in 2006 as New Zealand’s voluntary, work‑based retirement savings scheme.

Key dates

  • KiwiSaver legislation was passed in 2006, creating the legal framework for the scheme.
  • The scheme officially launched and became active for members on 1 July 2007.

Quick context

KiwiSaver was introduced to boost long‑term retirement savings because many New Zealanders were not saving enough through private means alone. It has since become a core part of retirement and first‑home planning for millions of people in New Zealand.

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