Don’t forget to grab what’s yours
By Fisher Funds
11 April, 2017
It’s that time of the year again: the annual government contribution (also known as Member Tax Credit or MTC) of up to $521.43 is there for the taking. If you are eligible* the Government will contribute 50 cents to your KiwiSaver account for every $1 you’ve saved in the year to 30 June. There is still plenty of time to top up your account to $1,042.86 in order to get your full MTC entitlement.
It’s really easy to sort this. You can top up your KiwiSaver account for the current KiwiSaver year before Tuesday 27 June 2017.
You can read more online about who is eligible for a MTC, how it is calculated and how to make a payment.
*18 years or older, mainly living in New Zealand, and not yet eligible to withdraw for retirement