Be sure to get your winter windfall!

Now’s the time to ensure you’re getting the most out of your KiwiSaver account. You could be eligible to receive up to $521* in Government Contributions for 2018/19. The government will reward your annual contributions up to a maximum payment of $521.43. That’s 50 cents for every dollar if you contribute $1,042.86 into your KiwiSaver account before 30 June.

If you are a regular contributor there’s a good chance you have already reached, if not exceeded, your contribution requirement. Not sure? Simply take a closer look at your contributions, for example:

If you’re earning at least $35,000 a year and contribute the minimum 3% for the whole year, you should receive the full $521*.

If you earn less than $35,000, you’re self-employed or you’ve taken a contribution holiday, you might like to think about making a voluntary lump-sum contribution so you can receive the Government Contribution.

If you don’t already look after your KiwiSaver with help from an AdviceFirst Adviser, get in touch and one of our team would be happy to help make any of the complicated KiwiSaver stuff a cinch to understand.


*The Government makes an annual contribution of up to a maximum of $521.43 a year to your KiwiSaver account provided you are a contributing member aged 18 or over and have not yet reached your Qualifying Date.

Qualifying Date means the date you qualify for New Zealand Superannuation (currently age 65); or if you joined after age 60, after five years’ membership of a KiwiSaver scheme or a complying superannuation fund. You will need to reside mainly in New Zealand unless you are a Government employee living overseas or you are volunteering (or working for token payment) for specified charitable organisations.

The KiwiSaver Government contribution year runs from 1 July to 30 June. If you join a KiwiSaver scheme or turn 18 years old part-way through a KiwiSaver tax year (1 July to 30 June), you’ll receive the Government contribution on the number of days in the year you’ve been an eligible member. This may mean you might not receive the maximum $521.43.



Good News! You’ve now got more choice with your KiwiSaver Scheme

You’ll be interested to know that you can now choose to put 3%, 4%, 6%, 8% or 10% of your gross salary into your KiwiSaver Scheme.

To help you make an informed decision, try this quick and easy tool from AMP.

It only takes a couple of minutes to give you a clearer view of what you could do to save for a better future.

If you have any questions or would like help to choose the amount that’s right for you,  please be sure to contact your Adviser or our Wealth Management team on 0800 438 238, or email

AdviceFirst is a Financial Advice Provider (FSP23242).