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Don't forget to grab what's yours

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Don't forget to grab what's yours.

Find out if you need to do anything to claim your annual Government contribution

One of the great benefits of KiwiSaver that you will not want to miss out on is the annual government contribution of up to $521 — known as the member tax credit or MTC.

Just in case you didn’t know, for every $20 you contribute to your KiwiSaver account you’ll receive $10 from the Government, up to a maximum of $521.43 per KiwiSaver year, which runs from 1 July to 30 June. In order to get the full amount, you must have saved at least $1,042.86 this year, but even if you haven’t contributed this much, you are still eligible to receive some of the $521.

There is still plenty of time to top up your account to get your $521. Read more about how to top up and make sure you do it by Tuesday 27 June 2017.

 

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