Glossary
Short explanations of the terms used in our guides and calculators.
- Employer superannuation contribution tax (ESCT)A tax on the money your employer puts into your KiwiSaver. The tax comes out before the contribution reaches your account, so you get a bit less than your employer's full rate.
- Scheme supervisorAn independent organisation that looks after a KiwiSaver scheme for its members. The supervisor holds the scheme's money and decides on early withdrawal applications, such as for hardship.