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With KiwiSaver:

• Employers must ensure they comply with their KiwiSaver obligations. 
• Employees have the option to save to KiwiSaver. Most should, but which scheme? 
• Employees will look for help and guidance. Most trust their employer. 
• Employers should have clear and simple information about KiwiSaver.

The easy solution

Complying with KiwiSaver and helping your employees, needs to be done with the least disruption to your business and in a positive way. This is where SuperLife can help.

As an employer, you can choose a KiwiSaver scheme for your employees who can’t choose one for themselves, or who do not want to. By choosing a KiwiSaver scheme, you will also get ongoing support with understanding and meeting your legal obligations.

The easy solution is to choose SuperLife as your chosen KiwiSaver scheme.

To select SuperLife for KiwiSaver

Simply fill in the chosen scheme form and return to SuperLife in the reply-paid envelope, or fax it to us on 09 375 9801.

We will advise the IRD of your choice, and send you information packs for your employees.

If you have any questions about the form or selecting SuperLife as your chosen KiwiSaver scheme, contact us.

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Why choose a KiwiSaver scheme?

By choosing KiwiSaver scheme, all new employees, who are auto-enrolled into KiwiSaver, will be allocated to that scheme. Employees can still choose any KiwiSaver scheme they wish. But by selecting SuperLife as your chosen KiwiSaver scheme, their KiwiSaver decision is much easier.

There are many benefits in doing this:

• It simplifies the induction process and information for new employees. They get the same information and you know they all have access to the same scheme. 
• Your employees do not end up in a default option of a default provider. Most advisers suggest that this is not a good decision. 
• You and your employees will need to deal with one scheme and will not be confused and distracted by the demands that multiple choice and self-selection gives rise to. 
• Your employees will get easy to read information about superannuation options and future changes (and there will be future changes) from a superannuation specialist. 
• On-site distractions will be reduced, as most employees will be on common ground. 
• It extends the relationship of trust between you and your employees. They will appreciate an employer that will make this call for them, as selecting a superannuation scheme tends to increase anxiety levels for all but the investment savvy employee.

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What do I have to do?

Having selected SuperLife, all you’ll need to do is:

• provide your employees with an IRD KiwiSaver pack;
• provide your employees with SuperLife's KiwiSaver pack;
• deduct their contributions and send them together with the employer contributions to the IRD with your PAYE schedules.

Alternatively, contact SuperLife when new employees join you and we will supply the packs direct.

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SuperLife is a KiwiSaver scheme promoted by SuperLife.  It is a trust, governed by SuperLife Trustee Limited, and builds on the flexibility and range of benefits provided by the separate registered superannuation scheme of the same name.

SuperLife is your natural choice because:

• The scheme is promoted by SuperLife Limited, which is 100% New Zealand owned, and specialises in the areas of investment, superannuation and employee benefits. 
• SuperLife provides many of New Zealand’s major employers with low cost, professionally managed, employee benefits including life insurance, disability income protection insurance, medical insurance and other flexible savings arrangements. 
• SuperLife has a team of people available who are passionate about superannuation, and who will be able to assist with an overall employee benefits solution that suits your particular needs.
• SuperLife is recognised as one of New Zealand’s leading superannuation providers. 
• It also means that from day one, all employees’ contributions will be invested in a SuperLife strategy that is more likely to be more appropriate for them than the default strategy in any scheme they are allocated to by the IRD. 
• SuperLife innovates. It was the first KiwiSaver provider to introduce a “balanced” socially responsible investment option.

Keeping investments simple

With SuperLife your employees’ savings will be invested in our AIM^{Age Steps} option. This offers a simple solution - an investment strategy which will adjust over time until they reach retirement age. Your employees therefore don’t have to continually assess their investment strategy - under AIM^{Age Steps} this is done automatically.

Of course, for those who want to be more involved in their investment decisions, they can change their investment strategy whenever they choose. They can choose their own investment option from the standard investment mixes provided, or from the individual investment pools available. 

AIM^{Age Steps}

AIM^{Age Steps} is is structured so that the mix of investments changes at different ‘age steps’ until members reach retirement age. At an earlier age, the mix of investments will have higher risk but with the potential for greater returns over time. The mix changes to a more conservative investment mix as members near retirement.

What if I don’t choose a KiwiSaver scheme?

If you don’t select a KiwiSaver scheme for your employees, they will need to choose a scheme themselves and tell the IRD of their choice. If they do not make a selection, they will be enrolled with one of six default providers. This allocation is made randomly by the IRD and could mean six, or even more, KiwiSaver providers for employees working side by side.

This will ultimately lead to much discussion (and distraction) during working hours about the many schemes in place. Many will not know which scheme they are in. No doubt, you as the employer will face many questions from your employees about these many and varied schemes. Selecting a chosen scheme should reduce those distractions.

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