Benefits of KiwiSaver

1) Government contribution

Eligible KiwiSaver members receive a government contribution of up to $521.43 per year.

This is paid at 50 cents for each dollar you contribute, so you need to contribute at least $1,042.86 per year (just over $20 per week) to receive the maximum amount of $521.43. For more conditions and details go to this page. (Note that the availability of government contributions are set by legislation and could be changed or suspended at any time.)

2) Employer contribution

For members contributing through their jobs, your employer must make a compulsory contribution of 3% of your before-tax pay while you contribute (tax is taken from this employer contribution). Some employers who are already paying into other eligible superannuation schemes may not be required to contribute to their employees’ KiwiSaver accounts.

3) Help towards buying your first home

You may be able to withdraw some or most of your KiwiSaver investment to put towards buying your first home. After 3 years of contributing to KiwiSaver, in addition to a first home withdrawal, you may be entitled to a KiwiSaver HomeStart grant to put towards the purchase of your first home, subject to eligibility, which is determined by Housing New Zealand.

How Can KiwiSaver Help You?

KiwiSaver for Children

Helping the next generation. With no fees for under 18s, we want to help give them the best possible start.