Kids and KiwiSaver

  • You can sign them up at any time
  • The rules for under 18s on government and employer contributions, when teenager gets a job etc.
  • Maybe make small contributions — starts saving habit
  • $10 or $20 a week could start a house deposit — not just from parents
  • Changes at 18 — keep helping with contributions
  • Saving for children outside KS — pluses and minuses

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Mary Holm, ONZM, is a freelance journalist, a seminar presenter and a bestselling author on personal finance. She is a director of Financial Services Complaints Ltd (FSCL) and a former director of the Financial Markets Authority. Her opinions are personal, and do not reflect the position of any organisation in which she holds office. Mary’s advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following it. Send questions to [email protected] or click here. Letters should not exceed 200 words. We won’t publish your name. Please provide a (preferably daytime) phone number. Unfortunately, Mary cannot answer all questions, correspond directly with readers, or give financial advice.