Free money from the government

You can make serious savings by getting government contributions when you make locked contributions. Here’s how much and how easy.

How much

The government will pay 50 cents for every dollar of member contributions annually, up to a maximum of $521.43 (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).

How easy

Anyone who’s making locked employee contributions, is over 18 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.

A few rules

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.

Get locked contributions going

If you want to start making a locked employee contribution again to receive a government contribution, simply complete our Contribution Rate Change Form.

If you are new to making locked contributions, simply complete our Change Account Structure Change Form.

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