It’s nearly time for the annual government contribution into KiwiSaver accounts – so make sure you don’t miss out on this reward for your saving!
As long as you’re eligible, for every $1 you contribute during the KiwiSaver year (1 July to 30 June), the government will contribute 50 cents, to a maximum of $521.43. To get the full government contribution, you’ll need to contribute at least $1,042.86.
Log in to Fisher Funds Online to check if you’re on track
Top up your KiwiSaver account by $50 or more and you could win $500
You’ll get the government contribution if you meet a few basic criteria
To be eligible you must:
be a KiwiSaver member
be 18 years of age or older
not yet be entitled to withdraw your KiwiSaver for retirement
live mainly in New Zealand.
If you turned 18, reached retirement age or joined KiwiSaver part-way through the KiwiSaver year, you’ll be eligible for a portion of the contribution. What you get depends on how long you were eligible.
The government contribution is not just for employees. If you’re self-employed or not in paid employment you’re still eligible – you just need to put money into your KiwiSaver account yourself.
You don’t need to do anything to claim the government contribution – we do it for you at the end of each KiwiSaver year. You’ll see the money in your account by the end of August.
It’s your money that counts towards the government contribution
Only money that you contribute counts towards the government contribution. This includes contributions from your wage or salary, and voluntary contributions you make through IRD or Fisher Funds. Employer contributions, past government contributions and Aussie Super transfers do not count towards the $1,042.86.
Topping up is easy
Please top up by 23 June 2023 to allow us time to process your payment. Any contributions made after 23 June may miss the 30 June cut-off date and not count towards this year’s government contribution calculation.