Boost your KiwiSaver account with up to $521 from the Government every year.
What is the Government contribution?
The KiwiSaver Government contribution is designed to help you save for your retirement. Here’s how it works:
If you’re eligible, the Government will contribute 50 cents for every dollar you contribute to your KiwiSaver account, up to a maximum of $521.43 each year. That’s extra money to add to your KiwiSaver savings - and it could add up to a whole lot more over time.
The Government contribution is calculated based on your contributions between 1 July to 30 June each year and is paid directly into your KiwiSaver account (usually by the end of August).
You're eligible for the Government contribution if you:
are aged 18 to 64*
contribute to your KiwiSaver account, and
mainly live in New Zealand.
Don’t worry if you’re only eligible for part of the year – you’ll still get part of the Government contribution. The calculation of the amount will be based on the number of days in the year you were eligible.
*If you’re aged 60 or over and first joined a KiwiSaver Scheme (or complying superannuation fund) before 1 July 2019, you may be entitled to receive Government contributions for up to five years.
How to maximise the Government contribution
To get the maximum Government contribution of $521.43 each year, you need to make sure you contribute at least $1,042.86 yourself.
What are your options?
If you’re employed, earning at least $35,000 per year and contributing at least 3% of your salary or wages, you should qualify for the maximum Government contribution automatically.
However if you’re not contributing from your salary, or if your contributions may not reach $1,042.86 by the end of June, there are a number of ways you can top up your own contributions to get the maximum Government contribution: