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  Statistics on payments to scheme providers

Payments to scheme providers by category each month

This graph shows the payments amount made to scheme providers by the following categories:

  • Employee deductions
  • Employer contributions
  • Kick-start
  • Voluntary contributions
  • Interest paid by Inland Revenue, or
  • Member Tax Credit.
 

In February 2020:

  • $696.7 million has been paid to scheme providers, up from $582.1 million in February 2019.
  • $430 million represents employee deductions, up from $335.8 million in February 2019.
  • $261.7 million represents employer contributions, up from $243 million in February 2019.
  • $4 million represents voluntary contributions, up from $2.3 million in February 2019.
  • $0.6 million represents IR interest paid, down from $0.7 million in February 2019.
  • $0.5 million represents member tax credit, up from $0.4 million in February 2019.

Payments to scheme providers by category each year

This graph shows the total amount of employee deductions, employer contributions, voluntary contributions, Government contributions, kick starts and interest paid by Inland Revenue to scheme providers during each financial year since KiwiSaver was introduced.

This graph has 10 stacked vertical bars. The vertical axis shows the payments amount made to scheme providers by category. The payments to scheme providers are identified as:

  • Employee deductions
  • Employer contributions
  • Kick start
  • Voluntary contributions
  • Interest paid by Inland Revenue, or
  • Government contribution.

The horizontal axis represents data from the 2010 financial year to 2019 financial year.

Bar graph showing annual payments to KiwiSaver scheme providers by category 

By the end of the 2019 financial year:

  • $ 6,681 million has been paid to scheme providers, up from $ 2,648 million in June 2010.
  • $ 3,672 million represents employee deductions, up from $ 1,051 million in June 2010.
  • $ 2,157 million represents employer contributions, up from $ 626 million in June 2010.
  • $ 43 million represents voluntary contributions, up from $ 9 million in June 2010.
  • $ 6 million represents IR interest paid, down from $ 5 million in June 2010.
  • $ 803 million represents member tax credit, up from $ 573 million in June 2010.

Payments to scheme providers by source each month

This graph shows the $ amount of member, employer, and Crown contributions paid to scheme providers.  

 

In February 2020:

  • $695.6 million member and employer contributions were paid to scheme providers, up from $581 million in February 2019.
  • $1.1 million Crown contributions were paid to scheme providers, the same as February 2019.

Payments to scheme providers by source each year

This graph shows the total amount of member and employer contributions against the total amount of crown contributions paid to scheme providers during each financial year since KiwiSaver was introduced.

This graph has 10 stacked vertical bars. The vertical axis shows the $ amount of member, employer, and Crown contributions paid to scheme providers.The horizontal axis shows data from the 2010 financial year to the 2019 financial year.

Bar graph showing annual payments to KiwiSaver scheme providers by source 

In the 2019 financial year:

  • $ 6,681 million was paid to scheme providers, up from $ 2,648 million in the 2010 financial year.
  • $ 5,872 million member and employer contributions was paid to scheme providers, up from $ 1,686 million in the 2010 financial year.
  • $ 809 million Crown contributions was paid to scheme providers, down from $ 962 million in the 2010 financial year.