Forum Home
PC World Chat
Thread ID: 89308	2008-04-27 05:26:00	Kiwisaver in tango with another scheme?	Nomad (952)	PC World Chat

Post ID	Timestamp	Content	User
663012	2008-04-27 05:26:00	Hi, I have kiwisaver which I am happy with. New job. Boss has another scheme which the incentives are better. Is it possible to have kiwisaver and leave it as it is .. and now carry on with another new scheme? Possible :confused: :thanks	Nomad (952)
663013	2008-04-27 07:17:00	whats the new scheme mate? fill us in :D	Deathwish (143)
663014	2008-04-27 07:40:00	You can only have one scheme - but the choice is YOURS, not the boss's	decibel (11645)
663015	2008-04-27 08:08:00	The question is if I am already with kiwisaver .. can I go with another? Or am I locked with kiwisaver forever? ... The other is State Sector Retirement Savings Scheme. I don't need the answer now but would be interested. Does kiwisaver lock you in forever ... or can you let it go without any deposits .. and just use a diff one ...... The reason is that with the kiwisaver's 1040 (govt top up) and the 1% for this year employer's top up ... its the same as SSRSS - that one if you pop 3% in they give you 3% too....	Nomad (952)
663016	2008-04-27 10:25:00	The question is if I am already with kiwisaver . . can I go with another? Or am I locked with kiwisaver forever? . . . The other is State Sector Retirement Savings Scheme . I don't need the answer now but would be interested . Does kiwisaver lock you in forever . . . or can you let it go without any deposits . . and just use a diff one . . . . . . The reason is that with the kiwisaver's 1040 (govt top up) and the 1% for this year employer's top up . . . its the same as SSRSS - that one if you pop 3% in they give you 3% too . . . . Although they say 'spread your risk', I think you can only have one 'Kiwisaver' scheme . I don't think you can get out of kiwisaver once you are locked in, however you can go on a contribution holiday . This is one reason I don't think adults should be signing their babies up to it, as once they are signed up, they can't then get out of it . It the kiwisaver provider goes under, you can potentially lose your contributions, which is why I would like to see scheme that spreads the risk across multiple providers .	robbyp (2751)
1