The annual Government contribution

The government will pay 25 cents for every dollar of member contributions annually, up to a maximum of $260.72 (paid each year around September).

To get the full government contribution simply contribute at least $1,042.86 in locked employee contributions each financial year (1 July to 30 June).

Anyone who’s making locked employee contributions, not earning over $180,000, and meeting the terms of the KiwiSaver Act 2006 can get government contributions.

Government contributions cease when you reach 65, or (if you were over 60 when you joined) when you’ve been a member for 5 years, whichever is the latter.

• Locked employer contributions and all unlocked contributions don't count towards eligibility for a government contribution.
• Only one government contribution is awarded per person, even if you make locked contributions to more than one scheme.
• Some rules apply around how much you can earn if you only start making a locked contribution before the end of a financial year.
• You must be a NZ Citizen or residency holder, and normally live in NZ, to be able to make locked contributions.

If you have an unlocked account and want to start making locked contributions, update your account plan using the Make Account Changes form.

If you are currently on a savings suspension from making locked contributions to your mysuper account and wish to restart your locked contribution, simply update your contribution rate using the Make Account Changes form.