People in New Zealand who have opted out of KiwiSaver within the provisional period

As at end of June 2009–2018, thousands

Definitions

Provisional members: Members who were automatically enrolled have a provisional period of 8 weeks in which they can decide to opt out.
Enrolment method: the original enrolment method used to join KiwiSaver.
Scheme entry method: the method members have used to enter their current scheme.
Contribution holidays: If you are an active member, you can take a break from saving. A contributions holiday is for employees who want a break from making KiwiSaver contributions from their pay. 'Ordinary' can be granted to any member after 12 months of membership, 'Financial hardship' can be granted earlier for members in financial hardship. Contribution holidays can be for a period of up to five years. If a member does not specify a length, the default period is five years.
Closed accounts: since July 2012 members may be eligible to withdraw from KiwiSaver due to retirement.
Payments from Inland Revenue to KiwiSaver Scheme Providers: The sum of member and employer contributions plus crown payments (Member tax credit to KiwiSaver + Kick-start + interest), during each financial year. Figures are gross and do not include payments refunded by providers to Inland Revenue, and they don't include KiwiSaver contributions held by Inland Revenue.
KiwiSaver Scheme Transfers: Number of scheme transfers between KiwiSaver schemes each financial year. Figures do NOT include transfers within the provisional period, transfers within complying funds, and transfers as a result of scheme mergers.
KiwiSaver Fund Withdrawals: Funds taken out of KiwiSaver accounts each financial year for either a first home or financial hardship.

Data calculation/treatment

Numbers of active/provisional members, contribution holidays, non-active members, closed accounts are as at end of June.
KiwiSaver Scheme Transfers, Fund Withdrawals, and Payments from Inland Revenue to KiwiSaver Scheme Provider relate to each financial year.

Data provided by

Inland Revenue

Dataset name

KiwiSaver Statistics: Annual statistics 2018

Webpage:

http://www.kiwisaver.govt.nz/statistics/annual/

How to find the data

At URL provided, select 'Download the excel tables with technical notes'.

Import & extraction details

File as imported: KiwiSaver Statistics: Annual statistics 2018

From the dataset KiwiSaver Statistics: Annual statistics 2018, this data was extracted:

  • Sheet: Data
  • Range: B8:K352
  • Provided: 490 data points

This data forms the table Savings - KiwiSaver membership, payments, transfers, contribution holidays and closures 2009–2018.

Dataset originally released on:

July 2018

Method of collection/Data provider

All statistics are sourced from Inland Revenue administration data.