NPF and KiwiSaver

The Board has established Locked-in sections for NPF’s two largest defined contribution schemes, the Pension National Scheme and the Lump Sum National Scheme. The Locked-in sections have the following features:

1. an exemption from superannuation contribution tax on employer contributions up to 2% of gross salary or wages (provided those contributions are matched dollar for dollar by member contributions);
2. a tax credit on member contributions; and
3. compulsory employer contributions up to 2% of gross salary or wages.

Further information about the Pension National Scheme and the Lump Sum National Scheme can be found in the Investment Statements, Full Financial Reports and Summarised Annual Reports on the Schemes section. 

A brief summary of information relating only to the Locked-in sections, as at 31 March 2010, is given below.

	Pension National Scheme	Lump Sum National Scheme
Market value of assets	$ 2,053,554	$ 2,373,730
Number of contributors	153	184
Number of contributors who left in the year	none	none

If you have any further enquiries, please contact the scheme administrator, Datacom, toll free on 0800 628 776 or to find out more please see the sections below.

Questions about:

Locked-In Schemes (Questions 1-4)

Joining a Locked-In Scheme (Questions 5-20)

Benefits (Questions 21-30)

Locked-in Schemes compared with Kiwisaver (Questions 31-35)

To see, or print, all of the questions and answers click here