It’s that time of year again; time to ensure you receive up to $521* from the Government in Government Contributions into your KiwiSaver account.

It’s easy, the Government pays 50 cents for every dollar you contribute annually, up to a maximum payment of $521.43. To receive the full amount all you need to do is contribute at least $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, and exceeded your contribution requirement, but if you’re not sure you might want to take a closer look at your contributions.

KiwiSaver contribution examples:

  • If you’re earning at least $35,000/year and contribute the minimum 3% for the whole year should receive the full $521
  • If you earn less than $35,000, or 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 have your KiwiSaver investment with an AdviceFirst KiwiSaver Specialist, feel free to get in touch, one of our team would be happy to help make all the complicated KiwiSaver stuff a lot simpler.

*If you’re contributing and are eligible, the Government makes an annual contribution of up to a maximum of $521.43 a year to your KiwiSaver account. To be eligible you must be between the ages of 18 and 65 and mainly reside in New Zealand, unless you are a Government employee working overseas or in limited circumstances a volunteer working overseas.

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