Insights
KiwiSaver Government Contributions

15 January, 2024

1 Minute Read

Making the most of your government contributions and growing your KiwiSaver.

To help you save, the Government will make an annual contribution into your KiwiSaver account - as long as you're between the ages of 18 and 65.

The math is simple: for every dollar you put into KiwiSaver, the government contributes 50 cents, up to a maximum of $521.43.

To receive the maximum Government Contribution, you must have invested at least $1,042.86 (that’s just over $20 a week) into your KiwiSaver account between 1 July and 30 June. If you haven't been in KiwiSaver for 12 months, you'll receive a partial contribution on a pro-rata basis.

If you contribute less than $1,042.86 you will still get 50c for every $1 you contribute, for example, if you contribute $500 you would receive $250 from the government.

If you contribute less than $1,042.86 from your employee/pay contributions (note that your employer contributions don’t count) you can make a voluntary contribution to top up your account so that you do qualify for the full Government contribution. It's important this goes through before 30 June each year.