The Kiwisaver Rate in New Zealand stands at 11 percent.

Social Security Rate in New Zealand averaged 8.80 percent from 2004 until 2018, reaching an all time high of 11 percent in 2007 and a record low of 0 percent in 2005. This page provides - New Zealand Social Security Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Social Security Rate in New Zealand is expected to be 11.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the New Zealand KiwiSaver Rate is projected to trend around 11.00 percent in 2020, according to our econometric models.

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New Zealand KiwiSaver Rate

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 11.00 0.00 2004 - 2019 percent Yearly

New Zealand KiwiSaver Rate
In New Zealand there is no compulsory social security system; instead there is a voluntary savings scheme set up by the government named KiwiSaver. Trading Economics takes into account the sum of the employee contribution with the employer as a social security rate.