Small Business Tax Dictionary

KiwiSaver is a voluntary, long-term savings scheme in New Zealand designed to help individuals save for retirement. Contributions are made by individuals, their employers, and the government. Members can choose from a variety of investment funds based on their risk tolerance and financial goals. Understanding and participating in KiwiSaver can provide significant financial benefits, including employer contributions and tax credits. Employers must also understand their obligations, including making contributions and providing information to employees. KiwiSaver promotes financial responsibility and planning, supporting long-term financial security and wellbeing.