Significant updates to KiwiSaver have rolled out over the past year.
Here is what you need to know about your contributions and government “top-ups.”
Changes from 1 July 2025
- Government match halved: The annual Government Contribution dropped from a 50% match to a 25% match. The maximum annual payment is now $260.72. To receive this full amount, you must contribute at least $1,042.86 personally by 30 June each year.
- Teens included: 16 and 17-year-olds now qualify for the government’s 25% matching contribution.
- High-earner cap: Those earning over $180,000 annually are no longer eligible for the government top-up.
Changes from 1 April 2026
- Default rate increase: The standard contribution rate for both employees and employers has risen from 3% to 3.5%. This applies to all pay received after 1 April.
- Employer matching for teens: Employers must now pay the 3.5% matching contribution for 16 and 17-year-old staff.
- Rate reductions: If the 3.5% rate is unaffordable, you can apply for a Temporary Rate Reduction to stay at 3% for 3–12 months. This is repeatable, but your employer’s match will also drop to 3%.
Changes from 1 April 2028
From 1 April 2028, the default contribution rate for both employees and employers will rise again, from 3.5% to 4%.
