Unlocked
This plan focuses on greater flexibility by offering access to your retirement savings after leaving ACC. Keeping money invested is great, but so is the ability to take it out if you choose.
Unlocked withdrawals after leaving ACC
Withdraw from your unlocked retirement savings after leaving ACC, no matter your age or how long you’ve been a member (rules apply).
Contributions to suit your goals
Suspend your contributions entirely (0%) or choose a rate between 2% and 70%, to pair with ACC’s employer contribution of up to 9% (rules apply).
Change your plan to locked at any time
You can start making a locked contribution at any time by changing to one of the locked plans offered (Part Locked or Locked).
Optional life and Income Protection insurance
Add on an optional life and income protection insurance bundle with premiums paid from contributions to your unlocked mysuper account (rules apply).
Not eligible for Government contributions
Unlocked contributions do not comply with the KiwiSaver Act 2006 that offers this benefit.
Not eligible for a first homebuyer withdrawal
Unlocked contributions do not comply with the KiwiSaver Act 2006 that offers this benefit.
What would Unlocked look like for you?
| Fortnightly | Annually | |
|---|---|---|
| Your contributions | $0.00 | $0.00 |
| Locked | $0.00 | $0.00 |
| Unlocked | $0.00 | $0.00 |
| ACC's contributions | $0.00 | $0.00 |
| Locked | $0.00 | $0.00 |
| Unlocked | $0.00 | $0.00 |
| - Less ESCT | -$0.00 | -$0.00 |
| Govt contributions | $0.00 | $0.00 |
| YOUR TOTAL CONTRIBUTIONS: | $0.00 | $0.00 |
All mysuper plans include:
Being 100% member owned and not for profit, mysuper fees are consistently low and you’ll only be charged what your account costs to manage, nothing more.
Choose to contribute anything between the plan minimum and 70% (in multiples of 1%) of your salary to help reach your investment goals, making changes up and down, as needed.
Choose your funds around how many risks or decisions you feel comfortable making and adjust your investment strategy via your mysuper account at any time.
Once you’re a member you have the choice to stay in mysuper even after leaving ACC, keeping your funds under continued investment.
What does this mean for your KiwiSaver?
mysuper can be a great way to diversify your investment portfolio, and it can work alongside KiwiSaver as the schemes are independent of each other.
The contribution you make to each scheme is up to you, and the rate you choose for mysuper won’t impact what you already have set up with KiwiSaver.
On joining mysuper, ACC’s contribution of up to 9% will be sent to your mysuper account to align with the choice you've made.
When looking to invest you should consider seeking independent advice from a financial adviser about the best investment options for your circumstances.
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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Can I change my contribution at any time?
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Yes, you can adjust your contribution up or down or pause it if you wish at any time using the Make Account Changes form. If you pause your contributions, for members on non-R3 contracts, ACC contributions will also pause. If you have optional life and income protection insurance, you must have sufficient funds in your unlocked account to cover your premiums. If you do not, your insurance cover will stop. |
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Can I change my plan anytime?
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Yes. You can change to one of the locked plans at any time. Once you make a locked contribution you will only be able to adjust your plan between Locked and Part Locked. A change back to the Unlocked plan is not permitted. |
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I make a 0% contribution to my unlocked account at the moment. Can I change to 2%?
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Yes. You can start contributing at any time. Simply use the Make Account Changes form to select the rate you would like and we’ll get that underway for you. You can pick anything from 2% to 70%, increasing in 1% multiples between those figures. |
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How is the minimum contribution rate for this account plan determined?
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The minimum contribution rate associated with this account plan is determined by the mysuper Trust Deed and is subject to any changes applied to its rules. |
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How can I stop my contribution to KiwiSaver?
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If you do need to pause your contribution to KiwiSaver you can complete a savings suspension with your provider. |
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How much will ACC contribute?
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For most members, ACC will contribute 9% (before tax) of your salary to your mysuper investment, no matter what you contribute (unless ACC is contributing to KiwiSaver for you).* This is on top of your salary and taxed in line with personal income tax (based on Employer Superannuation Contribution Tax rates). * An automatic 9% (before tax) contribution does not apply to an employee who has signed a non-R3 Employment Agreement which is limited to some staff employed prior to 2014 or within the ACC Investment team. Some rules apply. |
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Can I make a withdrawal from my unlocked retirement savings at any time?
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A withdrawal from your unlocked retirement savings is possible once you have left ACC to meet the rules of the mysuper Trust Deed. It doesn’t matter how long you were a mysuper member or what age you are. (Non-R3 employees are subject to a vesting period for employer contributions to their unlocked account). |
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Can I transfer my KiwiSaver to mysuper?
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No. The KiwiSaver Act 2006 doesn't permit a transfer of your existing KiwiSaver balance into mysuper as we are 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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Is unlocked money invested differently to locked money?
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No. All contributions, whether unlocked or locked, have the same investment returns applied. The investment strategy you select is what determines the returns you receive. |
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What is the KiwiSaver Act 2006?
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The KiwiSaver Act 2006 is legislation that underpins KiwiSaver Schemes, setting rules around how the withdrawals, government contributions, first homebuyer withdrawals work, amongst other things. Independent workplace savings schemes like mysuper can choose to voluntarily comply with the legislation to offer key benefits provided by the KiwiSaver Act 2006. Two of the mysuper accounts plans, Part Locked and Locked, comply with the KiwiSaver Act 2006. Note the Act dictates the minimum default contribution rate to these plans so any change in the legislation will see this adjust. Therefore Budget 2025 changes to KiwiSaver planned for 1 April 2026 and 1 April 2028 will apply. |
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What is ESCT?
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Employer Superannuation Contribution Tax or ESCT is deducted from an employer's contributions to schemes like mysuper and KiwiSaver. ESCT is deducted from ACC's contribution before payment is made into your mysuper account. The amount deducted will appear on your payslip. |
1 ACC’s contribution rate of 9% is before tax (or up to 9% (before tax) for non-R3 employees).