7 Jun 2017

ANZ KiwiSaver members due for small pay-out

2:06 pm on 7 June 2017

About 51,000 ANZ KiwiSaver members will get a small pay-out after processing errors by the bank, dating back to 2009.

New Zealand money. Currency. Twenty dollars note. 2 dolars coin, 1 dollar coin.

Photo: RNZ / Diego Opatowski

The country's biggest KiwiSaver provider said in a statement it was making a claim to Inland Revenue on behalf of those affected.

ANZ said it expected those who had been underpaid their government tax credit would get up to $50 put into their KiwiSaver accounts by August.

KiwiSaver members receive a 50 cent contribution from the government for every dollar they put into the scheme, up to a maximum credit of $521.43.

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