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If you’re eligible, you could get a boost to your KiwiSaver savings thanks to an annual contribution from the Government known as the member tax credit (MTC). For every $20 you save into your KiwiSaver account, the Government will contribute $10, up to a maximum of $521.43 each KiwiSaver year (1 July to 30 June). How good is that?

How to top-up your KiwiSaver account

By direct credit

Pay directly into the Scheme's bank account (02 0500 0799760 01).

You can also search for "Fisher Funds KiwiSaver Scheme" in the Bill Payee section of your internet banking website.

Please include your surname and Fisher Funds account number as references.

By cheque

Make your cheque out to Fisher Funds KiwiSaver Scheme.

Post your cheque to:
Fisher Funds
C/- Trustees Executors
P O Box 409
Wellington 6140

Please include your account number on the back as a reference.

Via Inland Revenue

Log into your internet banking and simply choose the 'Tax Payment' option. You will need to select the tax or payment type as 'KSS' and enter your IRD number.


Who is eligible to receive Member Tax Credits?

You must be:

  • 18 years of age or older;
  • Mainly living in NZ; and
  • Not yet eligible to withdraw for retirement.

How much can you get?

Your contributions Annual Government contribution
 $0  $0
 $250  $125
 $500  $250
 $1,000  $500
 $1,042.86  $521.43
 $1,500  $521.43
 $2,000  $521.43

If you first joined KiwiSaver, returned from overseas, reached retirement age, or turned 18 during the KiwiSaver year you will receive a reduced amount proportionate to the length of time that you were eligible for Member Tax Credits during that year.

If you can’t afford to contribute the full $1,042.86, the Government will still add $10 for every $20 you save, so every dollar you save will make a difference.


How do you ensure you maximise your Member Tax Credit?

You need to contribute $1,042.86 each KiwiSaver year to ensure you receive the maximum Member Tax Credit from the Government. The KiwiSaver year runs from 1 July to 30 June. Your contributions can be made up of employee and voluntary contributions.

You should qualify for your maximum Member Tax Credit entitlement if you’re:

Employed:

  • contributing at least 3% to KiwiSaver and earn more than $35,000 each year; and
  • contributing for the full KiwiSaver year (or since you joined the Scheme if it’s part way through the KiwiSaver year).

Self-employed/not employed:

  • contributing $20 per week for the full KiwiSaver year (or since your joined the Scheme if it’s part way through the KiwiSaver year).

If it doesn’t look like you’ll contribute at least $1,042.86 to your KiwiSaver account between 1 July and 30 June, you can top-up your KiwiSaver account to ensure you receive the full Member Tax Credit. We’ll contact you each year to make sure you don’t miss out on this money.


How do you claim your Member Tax Credit?

Fisher Funds claims the Member Tax Credit on your behalf once a year following the end of each KiwiSaver year (30 June). IRD are required to process the claim within 30 days of receipt. There is nothing for you to do. The MTC is paid directly into your KiwiSaver account.

Join or transfer — it's easy!

Join online now » or   Request an information pack »

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