Last few weeks to get your $521!
By Fisher Funds
07 June, 2017
There’s still time to get your hands on the annual government contribution (member tax credit or MTC) for your KiwiSaver account. In order to get the full amount of $521.23, you must have contributed at least $1,042.86 into your account during the KiwiSaver year (1 July to 30 June).
Even if you aren’t able to contribute the full $1042.86, you will still be rewarded for what you can save as for every dollar saved, you’ll receive 50c up to $521.43.
There is still plenty of time to top up your account. Read more here about how to top up and make sure you do it by Tuesday 27 June 2017.
Last year, only 43% of eligible members received the full $521 payment; 29% received a partial payment; but 28% missed out entirely — make sure you don’t miss out this year!
(The MTC is paid into your KiwiSaver account and is not a cash or personal bank account payment.)