KiwiSaver Government Contribution: Who Qualifies and What You Get
Learn how to receive annual government money for your KiwiSaver savings and the deadline you must meet to claim it.
This scheme provides a financial boost to your retirement savings through a direct contribution from the government.
Who it's for
To qualify, you must be an active member of a KiwiSaver scheme and be between the ages of 18 and 65.
What you get
If you make the required personal contributions, the government will add money to your account. You can receive up to $521.43 annually, provided you have contributed at least $1,042.86 of your own money.
What it costs you
To receive this benefit, you must ensure your own contributions reach the necessary amount by June 30th each year.
The catch to know
The most important thing to remember is the annual deadline. If you miss the June 30th cutoff, you will lose the opportunity to receive that year's government contribution.
How to apply
- Ensure you are an active member of a KiwiSaver scheme.
- Check your contribution levels to ensure you meet the minimum requirement.
- Make your contributions before the June 30th deadline.
- Monitor your account to confirm the government credit is applied.