What is KS2 Form (KiwiSaver Deduction Form)?
The KS2 is the IRD form you give your employer to start contributions or change your contribution rate.
Detailed Explanation
Use a KS2 to opt into KiwiSaver via your employer, restart contributions after a savings suspension, or move between the 3%, 4%, 6%, 8%, and 10% contribution rates. Hand the completed form to your payroll team; the change applies from the next pay run.
Example
Illustrative example — You currently contribute 3% and want to move to 6%. Download a KS2 from ird.govt.nz, tick 6%, sign, and give it to your payroll team.
Frequently Asked Questions
How often can I change my rate?
Default cooldown is 3 months between changes; earlier changes need employer agreement.
Related Terms
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