New data from the Inland Revenue Department puts the focus on KiwiSaver transfer efficiency. Photo \/ Getty<\/p>\n
Nearly all KiwiSaver scheme transfers between providers are completed within 14 working days, with three-quarters taking seven or fewer, new data shows.<\/p>\n
\n The figures released by the Inland Revenue Department (IRD) show that in September, 97.5% of transfers from one KiwiSaver provider to another took up to 14 working days,
\n with 75.4% taking seven or fewer.\n <\/p>\n
In September 2021, these were 95.7% and 79% respectively.<\/p>\n
Mixed commentary<\/p>\n
Just 2.5% of these transfers took 15 working days or more in September, down from 4.3% in the same month of 2021, the data, which was independently welcomed by several KiwiSaver experts, shows.<\/p>\n
All three percentages have tracked broadly sideways since late 2021. However, the number of transfers taking three days or fewer more than doubled over the period to 27.1% in September.<\/p>\n
The dataset matters because it shows KiwiSaver transfer efficiency amid an election campaign in which several political parties have brought the national retirement savings vehicle into focus.<\/p>\n
In 2020, the statutory maximum timeframe for KiwiSaver transfers was lowered from 35 working days to 10.<\/p>\n
Separate IRD data shows 17,983 scheme transfers in September, from 17,364 in September 2025. For the year to June 30, there were 198,897 transfers, up from 164,929 in the same period a year earlier, IRD said.<\/p>\n