What is the KiwiSaver 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).

If you need to ‘top up’ your KiwiSaver so that your own contributions are above $1,042 for the year, you need to do so by 30 June.