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).