when did kiwisaver start in nz

KiwiSaver in New Zealand started in 2007. It was officially launched and began operating on 1 July 2007, following the KiwiSaver Act 2006 which established the scheme. The program was designed to kick off a long-term savings habit for Kiwi workers, with initial features including employee contributions (4% or 8%), a one-time $1,000 kick-start for new members, and government member tax credits up to a specified annual limit.