Small transactions in your KiwiSaver account history

Last updated: 24/08/2017 08.50 AM

What are the small individual transactions ($0.01; $0.02) that appear in my KiwiSaver account transaction history?

Both employee and employer contributions are paid to Inland Revenue (IR) and held for 90 days before they're processed to individual KiwiSaver accounts. IR pays interest on the money over the 90 day period until it's delivered to customer accounts.

This is what appears as small transactions in the transaction history on ANZ Internet Banking and ANZ goMoney. 

Refer to the KiwiSaver contributions government page for a detailed breakdown on this process.

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