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What is Opt-Out?

Opting out is the formal process of leaving KiwiSaver after being auto-enrolled in a new job.

Detailed Explanation

You can opt out between day 14 and day 56 after starting a new job. To opt out, complete a KS10 form and give it to your employer or IRD. Contributions deducted before you opt out are refunded. After day 56, you can only stop contributions via a savings suspension.

Example

Mark starts a new job and decides KiwiSaver isn't right for him. He opts out on day 30 with a KS10 form; deductions stop and prior contributions are refunded.

Frequently Asked Questions

Can I opt back in later?

Yes — you can opt in via your provider or IRD at any time.

Related Terms

Auto-EnrolmentContribution HolidayKS2 Form (KiwiSaver Deduction Form)
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