Westpac super
Westpac super

The Combo Option

 

You can be a member of both In-Tandem and KiwiSaver through the ‘Combo Option’. This allows you to divert some In-Tandem contributions to benefit from a government contribution of up to $260.72 per annum, depending on your level of contributions and eligibility.

  • If you choose the Combo Option, In-Tandem contributions reduce by the amount you and Westpac contribute to KiwiSaver.
  • If you do not choose the Combo Option, you can still contribute to both KiwiSaver and In-Tandem:
    • any contribution you make to KiwiSaver will be in addition to In-Tandem contributions. This means that you will be required to contribute the minimum amount to both: for example 3% to KiwiSaver and 4% to In-Tandem; and
    • Westpac’s contributions to In-Tandem will reduce by the amount Westpac contributes to KiwiSaver.

Upcoming KiwiSaver changes

Starting 1 April 2026, default KiwiSaver contribution rates for employees and employers will increase from 3% to 3.5%, then rising again from 1 April 2028 to 4%.

What does this mean for Combo option members?

From 1 April 2026, 0.5% more of the employee and employer contribution will go to KiwiSaver and correspondingly 0.5% less to In-Tandem, but overall Westpac’s total employer contribution will remain the same or will increase by 0.5%, where necessary, to meet the new minimum KiwiSaver contribution requirements.

Find out more about the KiwiSaver changes and how it affects your contributions here.

The table below illustrates the current and new (as of 1 April 2026) contribution rates for members using the Combo Option:

 

Important notes:

  • The Combo Option does not currently apply during parental leave or other temporary absence. For more information, see the ‘Temporary Absence’ section under the ‘Other Material Information’ document, which can be found in the ‘Documents’ section at westpacnzstaffsuper.co.nz 
  • For information on how the non-Combo Option (contributions to both KiwiSaver and In-Tandem) works, please see the ‘Contributing - Additional Information’ section under the ‘Other Material Information’ document, which can be found in the ‘Documents’ section at westpacnzstaffsuper.co.nz
  • Your contributions will be deducted by your employer from your after-tax Salary payments and credited to your Member Account. 
  • Salary for the purposes of the Scheme is different from your Salary for the purposes of KiwiSaver.
  • Category E and F members can also contribute at a higher percentage of Salary.
  • For Category E and F members, your employer’s contributions for you will be credited to your Company Account. There are no employer contributions for Category G members. All employer contributions to retirement savings products are subject to the deduction of Employer Superannuation Contribution Tax. The government will pay 25 cents for every dollar of member contribution annually up to a maximum payment of $260.72. Eligibility criteria apply including that your taxable income must be $180,000 or less.