You can contribute to your KiwiSaver account automatically through your employer or by making voluntary contributions through online or mobile banking.
Contributions we receive are generally processed within 5 business days.
Automatic contributions
If you’re employed, you’ll make contributions to your KiwiSaver account from your salary or wages.
There are five contribution rates to choose from:
- 3.5%
- 4%
- 6%
- 8%
- 10%
The default contribution rate is 3.5%.
You can apply for a temporary rate reduction to 3% by contacting Inland Revenue.
You can generally change your KiwiSaver contribution rate once every three months through your employer, your KiwiSaver provider, or IRD.
Voluntary contributions
It's easy to make one-off or regular contributions to your KiwiSaver Scheme account through online or mobile banking. You can search for MAS KiwiSaver Scheme as a payee with select banks, or manually add us as a payee.
Making a payment
Use the following details when making a contribution to your KiwiSaver account:
|
Account Name |
MAS KiwiSaver Scheme |
|
Account Number |
06-0541-0253131-00 |
|
Particulars |
Member Number (you can find this on your Annual Statement or login to myMAS) |
|
Code |
Surname |
|
Reference |
MASKIWISAVER |
Using the 'Pay Tax' option
You can contribute to your KiwiSaver account using the ‘Pay Tax’ option in your bank’s online banking facility.
- Log in to your online banking and select ‘make a tax payment’.
- Enter your IRD number and how much you would like to contribute.
- Make sure the tax type is ‘KSS’.
- Choose period ‘0’.
Adding a payee
You can search for MAS KiwiSaver Scheme as a registered payee with select banks, or manually add us as a payee to make it easier to contribute again in the future.
Manual entry
You can manually add the MAS KiwiSaver Scheme as a payee in your online banking using the following details:
| Account Name (biller name) | MAS KiwiSaver Scheme |
| Account Number | 06-0541-0253131-00 |
| Exact Name on Account | Medical Assurance Society NZ Ltd |
Please double-check all details before confirming payment.
|
Important For ASB and BNZ banks specifically, as well as for any banks that do not list our Scheme's bank account under their registered payees or businesses, you need to manually enter the exact account name as registered with the bank to avoid a "Not Match" error during the Confirmation of Payee process. ASB and BNZ’s Confirmation of Payee service will verify whether the account name and number provided correspond with the bank’s official records. Therefore, please ensure you use the exact name on accounts (as per the table above) to successfully complete the Confirmation of Payee check. |
Saved or registered payee (biller)
MAS has set up as a payee/biller with the following banks:
- ANZ
- ASB
- BNZ
- Kiwibank
- Westpac
- The Co-operative Bank
Simply search for the product name - MAS KiwiSaver Scheme - which is also the account name, in the biller or payee list and follow the prompts to complete your payment.
|
Important MAS banks with ANZ and all our biller code instructions are set up with New Zealand banks via ANZ. Banks operate using different systems and processes, and while the biller names (product name or account name) are the same across all banks, the manual entry process can be different. |
Select your bank from the list below for more information on how to make contributions through the mobile banking app.
ANZ
Searching for a Registered Payee
- Tap Payments > Pay a Person or Bill > Select an account > Select a Payee
- Search for "MAS KiwiSaver Scheme" and select the correct payee from the list and the
registered details will be loaded
Adding a New Payee (Self-Selected Payee)
- Tap Payments > Pay a Person or Bill > Select an Account > Select a Payee > Add New
- Payee Name: Account name (e.g. "MAS KiwiSaver Scheme"; no need for exact name)
- Account Number: 06-0541-0253131-00
- The product name will show on your screen
ASB
Searching for a Registered Payee
- Tap Payments > Make a Payment > Choose who to Pay > Registered Payee
- Search for "MAS KiwiSaver Scheme" and select the correct payee from the list and the registered details will be loaded
Adding a New Payee (Self-Selected Payee)
- Tap Payments > Make a Payment > Add a New Payee > Enter Payee Details
- Payee Name: Use the exact registered name (e.g. "Medical Assurance Society NZ Ltd”)
- Account Number: 06-0541-0253131-00
- Tap “Check Payee Details” to initiate Confirmation of Payee
BNZ
Searching for a Registered Payee
- Menu (top left corner) > Payees > (top right corner) > Enter Account owner name (e.g. "MAS KiwiSaver Scheme")
- Search for "MAS KiwiSaver Scheme" and select the correct payee from the list and the registered
details will be loaded
Adding a New Payee (Self-Selected Payee)
- Menu (top left corner) > Payees > (top right corner) > Enter Account owner names
- Account owner name: Use account name (e.g. "MAS KiwiSaver Scheme"
- Account Number: 06-0541-0253131-00
- BNZ will verify payee details
Kiwibank
Searching for a Registered Payee
- The MAS KiwiSaver Scheme is not available yet as a Registered Payee with Kiwibank. Please use the process below for a ‘Self-Selected Payee’
Adding a New Payee (Self-Selected Payee)
- Tap Pay & Transfer > Manage Payees > Add
- Enter Account owner: Use account name (e.g. "MAS KiwiSaver Scheme". For MAS KiwiSaver Scheme accounts, since the account has not yet been added under registered payees, it is necessary to include the exact account name)
- Account Number: 06-0541-0253131-00
- Tap “Check Payee Details” to initiate Confirmation of Payee. You will see a pop-up box stating the account number matches as business and asking you to search businesses.
- Enter "MAS KiwiSaver Scheme" and select from the results
Medical Funds Management Limited is the issuer and manager of the MAS KiwiSaver Scheme. A copy of the Product Disclosure (PDS) for the Scheme is available at MAS KiwiSaver Scheme PDS.
If you would like to talk to a MAS Adviser, phone 0800 800 627 or email info@mas.co.nz