Joining the Kernel KiwiSaver Plan is simple, effortless and takes just a few minutes.
Transferring your KiwiSaver balance
To transfer your KiwiSaver balance to Kernel, you will first need an existing individual Kernel account (KiwiSaver is not available for joint, company, trust, and kids accounts).
You can sign up here, completing the verification process along the way. Find out which information you need to get started here.
Once your Kernel account is fully verified and ready to use, simply follow these steps to join the Kernel KiwiSaver Plan:
Step 1: Log into your Kernel account
Step 2: Navigate to the ‘KiwiSaver’ tab in the main Kernel platform menu.
Step 3: Here you will find the option to ‘Get started’ with transferring to the Kernel KiwiSaver Plan. Select this option then fill out the appropriate information, including how you would like to allocate your KiwiSaver balance.
How long does it take if I'm already with a KiwiSaver provider?
The process of transferring your KiwiSaver balance over to Kernel from your existing provider takes approximately 2 weeks.
Sometimes your previous provider might need more information from us, and we will be in touch should we need any further details to complete the transfer.
What if I'm new to KiwiSaver?
If you're a new KiwiSaver member, you can absolutely sign up to the Kernel KiwiSaver Plan. The joining process is the same as mentioned above.
How long does it take when joining for the first time?
If you are new to KiwiSaver and this is the first time you are setting up your account, the IRD will hold your contributions for 2 months (62 days) before passing the funds on to us.
During this time the 'KiwiSaver' tab in the Kernel platform will say that your KiwiSaver is being transferred to Kernel.
If you're not sure whether you are eligible for KiwiSaver or have any questions please get in touch at support@kernelwealth.co.nz.
Do I have to tell my employer that I have switched KiwiSaver providers?
No, you do not need to tell your employer just because you’ve changed KiwiSaver providers. Your employer pays KiwiSaver deductions to Inland Revenue, and Inland Revenue ensures those deductions are passed on to your scheme provider.
If you’re starting a new job, you will need to fill out a KiwiSaver deduction - KS2 form and hand it to your new employer.
If you're not going into a new job, you can still make voluntary contributions at any time.