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How do I change my KiwiSaver contribution rate?

You can change your KiwiSaver contribution rate on Westpac One® online banking. Follow these simple steps:

  1. Once logged in to Westpac One®, select your Westpac KiwiSaver Scheme account.
  2. Select the 'Account details' tab.
  3. Go to 'Contribution rate change' box and select 'Request rate change'.
  4. Select a rate and submit.
  5. Once the request is submitted, there will be a success message at the top of the page.

Things you should know.  

If you change your contribution rate through us, we will notify Inland Revenue of the new rate as soon as practicable, and Inland Revenue will then notify your employer as soon as practicable. The new rate will apply to the next payment of salary or wages calculated after your employer receives the notice. If you have multiple employers, then the new rate will apply to each of them.

BT Funds Management (NZ) Limited is the scheme provider and Westpac New Zealand Limited is a distributor, of the Westpac KiwiSaver Scheme (Scheme). 

The information above is subject to changes in government policy and law, and changes to the Scheme, from time to time.

Investments made in the Scheme do not represent bank deposits or other liabilities of Westpac Banking Corporation ABN 33 007 457 141, Westpac New Zealand Limited or other members of the Westpac group of companies. They are subject to investment and other risks, including possible delays in payment of withdrawal amounts in some circumstances, and loss of investment value, including principal invested. None of BT Funds Management (NZ) Limited (as manager), any member of the Westpac group of companies, The New Zealand Guardian Trust Company Limited (as supervisor), or any director or nominee of any of those entities, or any other person guarantees the Scheme's performance, returns or repayment of capital.

For a copy of the Product Disclosure Statement or more information about the Scheme, contact any Westpac branch or call 0508 972 254 or from overseas +64 9 375 9978 (international toll charges apply). You can also download the Product Disclosure Statement.