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Savings suspension

After you've been a KiwiSaver member for 12 months, you can choose to take a 'savings suspension'. A savings suspension is a break from making employee contributions, and can last anywhere from 3 months to 1 year – it's up to you.

Your employer doesn't have to make contributions while you're on a savings suspension, but must start again once the savings suspension ends.

You don't have to give a reason for taking a savings suspension, and there's no limit to the number of times you can take one. You can also renew a savings suspension if you need to.

To apply for a savings suspension, you'll need to contact Inland Revenue.

Early savings suspension

If you haven't been a member for 12 months but are experiencing financial hardship, you can apply for an early savings suspension.

The standard length of an early savings suspension is 3 months, but Inland Revenue will work with you to decide what's best for your situation.

Find out more

Read about KiwiSaver savings suspension on the Inland Revenue website

Manage your money

Keep track of your KiwiSaver account

Making contributions

Transferring your KiwiSaver

KiwiSaver withdrawals

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If you have any queries or want to know more:

If you don't have a financial adviser, we can put you in touch with someone in your area.