QuoteReplyTopic: Kiwisaver Posted: 07 April 2011 at 4:21pm
Good Afternoon all, hope your having a nice day.
I changed banks a wee while ago and assumed my kiwisaver would go along with it, but i still get letters from my old bank to say how much i have in there etc, so my question is, do i need to talk to my bank i'm with now and get it transfered over or does it not matter??
I don't think it does, i got assigned ASB when i signed up and then switched banks to westpac and didnt bother to switch over to westpac kiwisaver for a few years, and even then it was only because i went in for a loan and they asked if i wanted to swap over and i figured why not (financially illiterate!).
IRD needs to be notified if you change Kiwisaver providers, and I'm pretty sure they can't change your provider/notify IRD without your express permission. So you'll probably need to tell your new bank you'd like your Kiwisaver switched to them (if that's what you want).
Kiwisaver is completely seperate to your normal banking. You need to contact your new bank and tell them you want it changed to them otherwise it will stay with the old one.
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