The benefits can make a very real difference to your life
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If you are an employee |
If you are self-employed or
not employed (18 or over) |
If you are an employer |
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A $1,000 kick-start contribution from the government.
The government will match your contributions up to the equivalent of $20 per week
($1,042.86 per year).
If you are 18 or over*, your employer must (in most cases) contribute 2%, tax-free, of your gross
Salary or Wages while you are contributing to KiwiSaver from your Salary or Wages. |
A $1,000 kick-start contribution from the government.
The government will match your contributions up to the equivalent of $20 per week
($1,042.86 per year), if you're 18 or over.* If you contribute at least this amount then you
receive the most benefit from KiwiSaver.
The Scheme does not have a minimum contribution amount. |
You must contribute (in most cases) to your employees’ KiwiSaver accounts at 2% of their gross
Salary or Wages while they are contributing to KiwiSaver from their Salary or Wages.
There are many advantages in choosing a Preferred Provider. Please see page 27 of the
Investment Statement for further information. |
Give your children the best start in life
If you have children, they can receive the $1,000 kick-start and watch
their savings grow until they turn 18, when they will be eligible for all of the KiwiSaver incentives
(including those to help them buy their first home)**. There is no minimum commitment to the Scheme - you
decide how much or how little you would like to contribute.
Get help buying your first home
If you need help buying your first home, there are two big incentives:**
- The ability to withdraw all of your contributions, your employer’s contributions and your investment
returns to put towards buying your first home
- A first home subsidy of up to $5,000
You may also be eligible for both the subsidy and the first home withdrawal as a “second-chance” home
buyer if you are in the same financial situation as a first time buyer.
*You must also be below your KiwiSaver End Payment Date (see page 30 of the Investment Statement)
**Conditions apply