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: You’ll need a New Zealand bank account held in your own name for all transactions. While you can use services like Wise or Revolut to deposit funds (noting these may take longer to process), please be aware that we cannot pay withdrawals back to these services. All withdrawals must be made to your verified New Zealand bank account 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.