No. KiwiSaver is not a life sentence!
Some parents have held off from signing their children up to KiwiSaver because they think they are committing their children to making contributions until retirement age. Well, there's good news here. Although children in a part time job will have to contribute at the minimum contribution rate, with the TOWER KiwiSaver Scheme, if the children are not earning a salary or wage they will not have to make regular contributions to their TOWER KiwiSaver Scheme account. In addition, each KiwiSaver member can apply to take a contributions holiday after 12 months membership. Therefore, the sooner they join, the sooner they can take advantage of the benefits of KiwiSaver.
Remember, children get the one-off $1,000 Government kick-start when they first join too! Kick start your children's KiwiSaver account today!
If you sign up by completing a physical copy of the application form, nominate your school by inserting the school name in full in section 9 (School Nomination) of the form.
When signing up online enter the name of your school in full, under the section headed up Adviser Details.
If you are already in the TOWER KiwiSaver Scheme, and want to nominate a school, or wish to change your nominated school, please complete this form.
Note: It is important that you clearly write the full name of your chosen school. This way you will make sure we know who you want us to be donating money too!
There are so many reasons to join the TOWER KiwiSaver Scheme, and TOWER Managed Funds has just given you one more. If you have any questions at all about our Cash4SchoolsTM programme, or to obtain a copy of the TOWER KiwiSaver Scheme investment statement please call 0800 379 372 and we'll be happy to help.
For schools who want to register with us, please complete the School Registration Form.