The Board has established Locked-in sections for NPF’s two largest defined contribution schemes, the Pension National Scheme and the Lump Sum National Scheme. The Locked-in sections have the following features:
- a tax credit on member contributions; and
- compulsory employer contributions from 1 April 2013 of 3% of gross salary or wages.
The employee and employer minimum contribution rates are changing for KiwiSaver schemes from 1 April 2026. While changes for KiwiSaver schemes have been passed, changes impacting NPF Lump Sum National Locked-In Scheme will take effect if the Taxation (Annual Rates for 2025–26, Compliance Simplification, and Remedial Measures) Bill is passed. NPF has issued a newsletter covering the upcoming potential changes and can be found in the 2026 March Newsletter.
Further information about the Pension National Scheme and the Lump Sum National Scheme can be found in the Investment Statements, Full Financial Reports and Summarised Annual Reports on the Schemes section.
If you have any further enquiries, please contact the scheme administrator, Datacom, toll free on 0800 628 776 or to find out more please see the sections below.
Questions about:
Locked-In Schemes
Joining a Locked-In Scheme
Benefits
Locked-in Schemes compared with Kiwisaver
To see, or print, all of the questions and answers click here
