Regular contributions from your employer to boost your savings
Your employer is required to pay a contribution equal to 3% of your gross pay when you make contributions from your pay (unless they are already paying into another eligible registered superannuation scheme for you).
An annual member tax credit paid by the Government
Currently, the tax credit available is up to a maximum of $521.43 each year. To automatically get the full member tax credit you have to contribute at least $1,042.86 a year – employer contributions do not count.
Help with the deposit on your first home if you meet certain criteria
If one of your financial goals is to purchase your own home, KiwiSaver can help get you there faster. As a member of KiwiSaver you may be eligible for a:
- KiwiSaver first home withdrawal
- Second chance KiwiSaver withdrawal
- KiwiSaver HomeStart grant.