KiwiSaver information for recruits


Membership of the PSS is compulsory for recruits. The information here explains how this impacts on KiwiSaver membership.

If you're not in KiwiSaver

 

You're not enrolled automatically in KiwiSaver when you join Police. That's because Police has an exemption from automatic enrolment.

You can join KiwiSaver in addition to your PSS membership if you wish. Read more about KiwiSaver.

If you're a KiwiSaver member and don't want to continue contributing

 

Police has exemption status from KiwiSaver. This means that no KiwiSaver employer contributions will be made for constabulary members.

Your member's contribution is required to continue. However, if you've been in KiwiSaver for 1 year or more, you can suspend contributions by applying for a contributions holiday. You can apply for a contributions holiday for a period of between 3 months and 5 years. At the end of that time, you can apply for another contributions holiday, effectively suspending your contributions indefinitely.

To apply for a contributions holiday, either:

  • print off a Contributions holiday request (KS6) form from kiwisaver.govt.nz and post it to Inland Revenue (address details are on the form), or
  • call Inland Revenue on 0800 549 472 (0800 KIWISAVER) or 04 978 0800 if calling from a mobile phone.

 

Inland Revenue will send you a contributions holiday notice. You'll need to give Payroll a copy of this before Police can stop deducting contributions from your pay.

You won't be able to withdraw any savings you have in KiwiSaver until you become eligible under the KiwiSaver rules (usually when you reach age 65). You can't transfer your savings into the PSS because our scheme operates under different rules.

If you're a KiwiSaver member and want to continue contributing

 

You'll need to fill out a KiwiSaver deduction notice (KS2) and give it to Payroll. (You can get a KS2 form from Payroll or print one off from kiwisaver.govt.nz.)

Contributions will be deducted from your pay at the rate you choose on the form (3%, 4% or 8%). Police won't match those contributions because you are already getting employer contributions to your savings in the PSS but you will continue to receive the government's contribution of $521.43 a year if you contribute $1,042.86 a year or more (called the member tax credit).

You won't be able to withdraw any savings you have in KiwiSaver until you become eligible under the KiwiSaver rules (usually when you reach age 65). You can't transfer your savings into the PSS because our scheme operates under different rules.

 


Inland Revenue may consider an early contributions holiday if you're experiencing or likely to experience financial hardship.

 

 

This website is provided by Mercer (N.Z) Limited on behalf of the trustee of the Police Superannuation Scheme (PSS). The trustee pays a fee for the provision of this service, however this fee is not conditional on you using this service or acting on the information or advice provided through this service.

PSS Trustees Limited is the issuer of the Police Superannuation Scheme (PSS). A copy of the PSS product disclosure statement is available under Documents and forms and at companiesoffice.govt.nz/disclose.