Employer KiwiSaver Contribution: Who Qualifies and What You Get
Find out how your employer's mandatory KiwiSaver contributions work and what you should check in your employment contract.
If you are an employee participating in the KiwiSaver retirement savings scheme, your employer is required to make regular contributions to your account.
Who it's for
This scheme is for employees who are contributing to KiwiSaver.
What you get
Your employer must pay a minimum contribution of 3% of your gross pay into your KiwiSaver account. This is an additional amount paid on top of your regular wages.
What it costs you
It costs you nothing. These funds are provided by your employer as part of your employment terms.
The catch to know
Some employers may include these contributions within your "total remuneration" package. This means the contribution might be part of your agreed salary rather than being added on top of it. You should check your employment contract to see how this is structured.
How to apply
- Join the KiwiSaver scheme if you have not already.
- Check your employment contract to see if contributions are included in your total pay.
- Review your regular pay slips to ensure the correct amount is being deposited.
- Contact your employer or Inland Revenue if you notice discrepancies.