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.
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.
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.