Everyone should be saving for their retirement, and KiwiSaver is one of the best ways of doing so. Here are the key points you need to know:

• KiwiSaver is a voluntary, government-backed retirement savings initiative
• Your contributions are topped up by your employer at a minimum of three percent of your pay
• You’ll get an annual tax credit paid in by the government
• You might even be able to withdraw funds in your KiwiSaver to help you buy your first home
• There are some other limited circumstances where you might be able to withdraw funds in your KiwiSaver
• KiwiSaver schemes are managed by private companies known as KiwiSaver providers
• You can contribute 3%, 4%, 6%, 8%, or 10% of your pay to your KiwiSaver
• You’ll still get the same amount of Super when you retire