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The following changes to KiwiSaver are proposed to be effective from 1 April 2019.

• Additional KiwiSaver contribution rates of 6% and 10%
• Maximum contribution holiday to be reduced to one year
• Contributions holiday to be called “savings suspension”
• Over 65-year-olds to be allowed to opt in to KiwiSaver

The following change is proposed to be effective from 1 July 2019

• Removing the lock-in period, which currently affects members who join between the ages of 60 and 65. The lock -in period is to be removed because the kickstart $1000 contribution has gone. Those who have already joined KiwiSaver over the age of 60 will remain locked in.