Can I stop contributing to KiwiSaver?
If you need a break from contributions from your pay, you can apply to Inland Revenue for a savings suspension.
A savings suspension temporarily stops KiwiSaver deductions from your pay. While you're on a savings suspension, your employer doesn't have to make compulsory employer contributions either.
If you've been a KiwiSaver member for less than 12 months, you can usually only apply for an early savings suspension if you're experiencing financial hardship.
A savings suspension doesn't close your KiwiSaver account. Your existing savings stay invested and you can still make voluntary contributions if you choose.
To set up a savings suspension, you need to apply through Inland Revenue at myIR, rather than your KiwiSaver provider.