Life stages > At work > Employers > Company saving schemes

Company saving schemes

KiwiSaver isn't the only way to help your employees save for the future.

If you're interested in offering your own company savings or super scheme, your options are a master trust or a stand-alone company superannuation scheme.

Master trusts

Most company schemes offered by employers today are master trusts. In a master trust, all the administrative, legal, investment and insurance needs of the scheme are combined and managed by a single organisation.

Find out more about master trusts on the Association of Superannuation Funds of New Zealand (ASFONZ) website.

Before deciding which option is best for you and your business, you'll need good advice. Most financial institutions and financial planning professionals will be able to help you make your decision.

Make sure you understand the full costs to you, as well as all the obligations you will need to meet in providing a savings facility to staff.

For information on how a company savings scheme fits in with KiwiSaver, visit the Inland Revenue's KiwiSaver for employers website.

Stand-alone company super schemes

While master trusts are becoming more popular, many larger companies still run a stand-alone company superannuation scheme.

Find out more about stand-alone schemes on the Association of Superannuation Funds of New Zealand (ASFONZ) website.

If you want to explore the company super scheme option, talk to an independent consulting actuary or a professional financial adviser. Check out our checklist for financial advice for tips on getting good advice. 

Glossary: superannuation scheme
Funds specifically designed for people saving for their retirement. They are in the form of retail funds available to all savers, or employer funds available only to employees of the sponsoring employer.
Glossary: investment
A way to use your money to make it grow.
Glossary: adviser
A person who sells financial advice and/or products. They include financial advisers, insurance agents, planners, sharebrokers, mortgage brokers and bank managers or agents. They may be salaried, paid a commission or have an hourly rate.
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