Absolutely. Whether you’re on an OE or have settled across the ditch, we have many investors who continue to grow their wealth back home in Aotearoa.
As long as you have a New Zealand IRD number and a valid ID, you can generally open and manage a Kernel account.
What you’ll need to get started
Setting up your account from abroad is almost as simple as doing it from your couch in New Zealand. You’ll just need:
A New Zealand IRD number: This is essential.
Valid ID: A current NZ passport or driver licence works best. If you only have a foreign passport, send us a certified copy and our team can help you out.
An NZ bank account: While you can use a service like Wise to deposit funds into your Kernel account, any withdrawals must be paid out to a New Zealand bank account held in your name.
Managing your tax
When you move or live overseas, your tax status usually changes. Once you become a non-resident for NZ tax purposes, your Prescribed Investor Rate (PIR) will typically be 28%.
You’ll also need to provide us with your foreign tax details (like a TIN) for the country you’re currently living in.
What about KiwiSaver?
If you’re already a KiwiSaver member, you can switch your provider to the Kernel KiwiSaver Plan at any time from overseas. It’s a great way to keep your retirement savings working hard with low fees while you’re away.
Need a hand?
If you have any trouble with the sign-up process or your international address, just jump on the chat on our website. Our team is here to help you get sorted.