Enjoy more flexibility with mysuper
mysuper and KiwiSaver provide you with the opportunity to save for your future through investing. They are designed in a similar way but offer different options when it comes to what you can access and when, like first homebuyer withdrawals, government contributions and unlocked withdrawals. Use them together or instead of each other. You choose what suits your goals best.
mysuper
An independent workplace savings scheme established in 1991 by ACC for its staff. 100% not-for-profit and run by an independent Trustee, mysuper offers both unlocked and locked investment options and variable contribution rates.
KiwiSaver
Established in 2007 by the government to help New Zealanders invest for their retirement. Most schemes are run 'for profit’ by banks or investment managers, and offer identical features and a single locked saving option with fixed contribution rates.
Compare what you can do with mysuper and KiwiSaver
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mysuper
Unlocked All contributions are unlocked and can be accessed when you have left ACC. |
mysuper
Part Locked The first 3% of all contributions are locked to access when you’re 65, with the rest unlocked. |
KiwiSaver
All contributions are locked to access when you’re 65. |
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Able to withdraw ‘unlocked’ retirement savings when leaving ACC
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Able to invest without a personal contribution
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Complies with the KiwiSaver Act 2006
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Eligible for a first homebuyer withdrawal if all rules met
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Eligible for a first homebuyer grant with Kāinga Ora if all rules met
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Eligible for a government contribution if all rules met
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Flexible contribution rates offered
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Able to transfer existing KiwiSaver into Scheme
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How does mysuper perform compared to KiwiSaver?
KiwiSaver
KiwiSaver
KiwiSaver
KiwiSaver
Join 7 out of 10 ACC staff already in mysuper
If you know how you’d like to set up your account, and are ready to join, please complete the following application form to share your selections with us
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What is the advantage of having both mysuper and KiwiSaver?
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Having both schemes can provide you with a more diversified investment portfolio. It can also provide you with different access options to your investments as mysuper offers an unlocked option that KiwiSaver does not. |
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Can I contribute to mysuper and KiwiSaver at the same time?
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Yes. mysuper and KiwiSaver are independent of each other so what you contribute to each is up to you. |
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Does my contribution to KiwiSaver automatically stop when I join mysuper?
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No. mysuper and KiwiSaver are independent schemes so what you contribute to KiwiSaver will continue unless you request a savings suspension from your provider. |
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Can I get a Government contribution from mysuper and KiwiSaver at the same time?
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No. The Government contribution is awarded per person not per scheme. If you contribute to more than one scheme that complies with the KiwiSaver Act 2006, the scheme that requests the contribution on your behalf first is where it will be applied. |
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Is mysuper a KiwiSaver Scheme?
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No. mysuper operates under a Trust Deed, and voluntarily chooses to comply with the KiwiSaver Act 2006 to access the key features offered, while KiwiSaver operates solely under the KiwiSaver Act 2006. This is why you can have mysuper and KiwiSaver at the same time. |
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Can I transfer my KiwiSaver to mysuper?
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Although we'd love to accept your transfer, the KiwiSaver Act 2006 doesn't permit it as mysuper is not a registered KiwiSaver Scheme. mysuper operates under a Trust Deed, and voluntarily chooses to comply with the KiwiSaver Act 2006 to access the key features offered, while KiwiSaver operates solely under the KiwiSaver Act 2006. If mysuper was a registered KiwiSaver Scheme ‘unlocked’ contributions would not be available to mysuper members. |
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Will ACC contribute to mysuper and KiwiSaver if I have both?
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No. As an employer ACC is only required to make one contribution per employee to the scheme of your choice. At ACC these choices are mysuper or KiwiSaver. If you join mysuper ACC’s contribution will automatically direct to your mysuper account. |