How much does the Government contribute to my KiwiSaver?
The Government will contribute up to $521.43 per year to your KiwiSaver account. To reach this amount, you need to contribute $1,042.86.
You are eligible for a Government Contribution of up to $521.43 a year.
For every $1 you put in (via Employee or Voluntary contributions), the Government gives you another 50 cents, up to a maximum of $521.43 a year. To maximise the Government Contribution, you'll need to put in at least $1,042.86 a year (July 1 of one year to June 30 of the next year).
To receive the Government Contribution you must be between the ages of 18 and 65. You also need to be living in New Zealand, unless you’re a Government employee, working as a volunteer for a charitable organisation or your job meets one or more of the requirements of the Student Loan Scheme Act 2011.
If you do not contribute via your employer, we recommend that you set up a weekly ($20) or monthly ($90) direct debit. You will hardly notice the contributions and it will be the best returning investment you will ever make!