You must be:

Philippines citizen or the right to remain in the Philippines

live or normally living in the Philippines (with certain exceptions for state services workers)

minor qualified Philippines Superannuation (currently 65 years).

KiwiSaver savings with us.


Useful internet streamline

GIB want to receive all the best from KiwiSaver. Therefore, we have established GIB Future Wise, online resource to help you plan your future.

Online Assistance: include your age and you will receive information whch it relates to your life stage and your account KiwiSaver for you.

We have the video collection on the life of another client and experience with showing real stories of people using Kiwi Saver scheme.

Simplicity and convenience

The regime KiwiSaver GIB is a simple and affordable retirement savings for employers and employees.

Employees have a number of KiwiSaver schemes to choose from. A preferred scheme KiwiSaver provider could be the most convenient option for you and your employees.

Administration KiwiSaver is easier with streamlined processes, and clear information online and telephone support through a dedicated team GIB.

With so many patterns available KiwiSaver (includes diagrams default KiwiSaver), encouraging participation in one KiwiSaver scheme could help to make KiwiSaver workplace easier.


Your obligations

What do you have to do as an employer?

Act on any opt-in requests, by providing information packs (and investment statements if appropriate) to employees within seven days of them giving you a KiwiSaver deduction notice. Send all member details to Inland Revenue. If you choose the GIB KiwiSaver Scheme, we will provide the information packs to you.

Deduct KiwiSaver contributions from each member's pay and forward these to Inland Revenue once a fortnight or month via PAYE.

Forward any opt-out requests to Inland Revenue, and refund any contributions deducted but not yet forwarded to Inland Revenue to any employee who opts out.

Act on any contributions holiday notices.

Employers are generally required to contribute 3% of an employee's before-tax pay if the employee is contributing to the GIB KiwiSaver Scheme from his or her pay. This may change in the future if legislation changes.

A snapshot of the GIB KiwiSaver Scheme

This information provides an overview of what you need to know about the regime KiwiSaver GIB.

Click to expand or contractHow does KiwiSaver work?

KiwiSaver is an easy way to save for retirement. You can make a contribution to your account KiwiSaver at any time and for any amount. If you are employed, a small part of the salary is deducted every payday and you pay the regime KiwiSaver GIB. Even better, your employer and the government can contribute money to your account as well.

KiwiSaver has great benefits that you can enjoy even if you are not an employee. For more information about the contribution, and the contributions of employers and the government, see Manage account KiwiSaver.

It 'important to note that the savings in your account KiwiSaver are not guaranteed by anyone (including the government).


How do we invest your KiwiSaver savings?

Your KiwiSaver savings are invested in one or more of our six funds. Our funds invest in different asset classes with the aim to grow the savings in your account KiwiSaver over time.

All funds are actively managed. The goal of active management is to have better investment performance of a particular index or market. For more information, see the risk management of investment in education investment.


When can you withdraw your KiwiSaver savings?

You can withdraw from your savings account KiwiSaver when you are 65 and you have been a member of KiwiSaver for at least five years.

In some circumstances, you may be able to withdraw some or all of your savings in advance.


What are the main benefits?

KiwiSaver's main benefit is that it helps you save for retirement. As well as your savings, there are other benefits.


What are the fees and costs?

We charge each member a monthly membership fee of $2. There is also a Fund fee that is charged each year. This fee will vary depending on the Fund your savings are invested in.


What are the risks?

Like any investment, KiwiSaver is to take some risk. Your investment in the system KiwiSaver GIB could not do as well as expected, and may not get back the full amount contributed to your KiwiSaver account. For more information, see What are my risks? investments in education.

The level of risk varies depending on your savings are invested in the Fund. You need to decide how these risks apply to your personal situation. It is advisable to talk to a financial adviser licensed investment options available.


What if you want to stop contributing?

You can stop contributions from your pay for a period of time. This is called a contributions holiday.


What if you don't want to stay in the GIB KiwiSaver Scheme?

It may have been automatically enrolled in KiwiSaver GIB regime because it is your employer's scheme chosen. If you were enrolled automatically and you decide KiwiSaver is not for you, you have 56 days from the day you start your new job to opt out of the system KiwiSaver GIB.

Make the most of your KiwiSaver

GIB Futurewise is an online resource developed specifically to help you plan for your future. Below are links to relevant information on how to make the most of your account KiwiSaver Scheme GIB.

Choosing the right fund

Our task is to invest the savings in your account GIB KiwiSaver Scheme and it is our goal to grow your savings over time. Make sure you are on the far right for you.

Keep track online

More information, such as your balance and transaction history, within reach with our online portal.

Contributions

Find out more about what your employer and the Government may contribute.

Early withdrawals

You may be able to make an early withdrawal in certain situations.

Retirement withdrawals

Accessing your KiwiSaver savings at retirement.

Help for your first home

Find out how KiwiSaver could help you get into your first home faster.

Trans-Tasman transfers

Moving your retirement savings between Philippiness and Australia.

Fees and charges

Find out more about the fees and charges.

Fund performance

Refer to the following for our current and historical unit prices and investment performance. You can also view the benchmarks, ranges and mix of asset class real for each of our funds.

Please note that these links will take you to a site operated by GIB Philippines Investments Limited.


Periodic disclosure

We have prepared a disclosure statement for each fund under the GIB KiwiSaver under the KiwiSaver (periodic information) of 2013. The rules are intended to provide access to information and to promote transparency and comparability of systems KiwiSaver.

They provide information on the sector in question, as has been carried out and that taxes are charged. They also list the types of fund assets invested in, information on activities and portfolio equity investments and key personnel who were involved in making investment decisions for the funds.