How to Check Your KiwiSaver Account Balance
Easily monitor your KiwiSaver account to track your retirement savings progress in New Zealand and stay informed about your financial future.
KiwiSaver is a New Zealand retirement savings program. Regularly checking your KiwiSaver account balance is a sound financial practice. This allows you to monitor savings growth, track contributions, and ensure account accuracy, providing a clear picture of your progress toward retirement goals.
Accessing Your Balance Through Your Provider
The most accurate way to view your KiwiSaver investment balance is directly through your chosen KiwiSaver provider. A provider is a financial institution, such as a bank or fund manager, that holds and invests your KiwiSaver funds on your behalf, managing your retirement savings.
To check your balance online, log into your provider’s secure online portal or mobile application. This typically requires your username, a password, and may involve multi-factor authentication. Many major banks integrate the KiwiSaver account view directly into their online banking platforms.
Once logged in, navigate to the section dedicated to your KiwiSaver account, often labeled as “KiwiSaver summary,” “account overview,” or similar. Here, you will find your current investment balance, reflecting the most recent market valuations and transactions. The provider’s portal also typically displays a detailed transaction history, including all contributions made by you, your employer, and the government, alongside any withdrawals. Furthermore, you can review your investment returns and any fees that have been deducted from your account.
Understanding Your Contributions Through MyIR
While your KiwiSaver provider shows your investment balance, Inland Revenue (IR) offers a distinct view of your KiwiSaver contributions through its online portal, MyIR. This platform tracks the money that has flowed into your KiwiSaver account from various sources.
To access this information, log into your MyIR account using your IRD number and password. Navigate to the KiwiSaver section within the portal. This area provides a summary of contributions made by you and your employer, as well as government contributions, also known as member tax credits.
MyIR primarily reflects the contributions received by Inland Revenue and subsequently passed on to your provider. This system does not display the live, current investment balance of your KiwiSaver account, nor does it show the investment returns your funds have earned. The actual growth or loss from investments is managed and reported by your KiwiSaver provider, as these funds are invested in financial markets.
Additional Methods for Information
Other methods exist for obtaining KiwiSaver account information. Each year, your KiwiSaver provider issues an annual statement. This document summarizes all account activity for the financial year, including contributions, investment returns, and the overall balance.
If you encounter difficulties accessing your account online or prefer direct assistance, contact your KiwiSaver provider directly. Providers offer support via phone or email for balance inquiries. Their contact details are usually available on their official website or within your annual statement. Inland Revenue can also assist with queries related to contributions, especially if you have issues accessing MyIR.