Want a little extra in your KiwiSaver account? Good news, the government could chip in up to $521.43 each year to boost your savings. All you need to do is contribute at least $1,042.86 during the KiwiSaver year (from 1 July to 30 June). It’s like an extra treat for your future self.
How does it work?
As long as you’re eligible, for every $1 you save, the government will contribute 50c directly into your KiwiSaver account (up to a maximum of $521.43). We claim the government contribution for you so there are no forms to complete, just extra money to help you save for your retirement, or your first home.
Even if you can’t contribute the full amount of $1,042.86, the government will match anything up to that amount with 50c for every dollar you put in. So, if you’re only able to contribute $500, you can still receive $250 as a government contribution.
If you’re employed full time, and contribute to KiwiSaver through your paycheck, you’re probably already on track to get the full government contribution. But if you’re part time, self-employed or not currently in paid employment, it’s worth checking. You can top up any time with a voluntary contribution.
A KiwiSaver boost that adds up
Over time, the government contribution can really add up. If you get the full contribution each year for 10 years, it’s an extra $5,214 added to your KiwiSaver account. And that money could also continue to grow with your potential investment returns. So, whether you’re saving for your retirement or for your first home, this bonus can make a real difference.
How do I know if I can get the government contribution?
Most people in KiwiSaver can get the extra money from the government. You just need to be:
a KiwiSaver member; and
living mainly in New Zealand; and
aged between 18 – 65
If you’ve got a big birthday this year (turning 18 or 65) you may still be able to get a ‘pro-rata’ amount for the time you’re eligible. If that’s you, get in touch and we’ll do the math for you.
How to check if you're on track
We’ve made it easy to check using our government contribution tracker – just log in to Fisher Funds Online or the mobile app to see whether you’re on track. You can also check your contributions through Inland Revenue by logging into your MyIR account. If you’re a little short, it’s easy to top up.
Need to top up?
The easiest way to top up your account is through your internet banking. Make sure to use your account number and surname as a reference. Just top up before 25 June 2025 so we can process your payment before the deadline.
Got any questions?
We’re here to help. Call us on 0508 347 437, chat to us online, or send us an email. Remember, this is free money ready to help you build your future. So, make sure you don’t miss out.
