It’s time to check your KiwiSaver contributions, to ensure that you receive your full entitlement from the Government.

Did you know that the Government contributes to your KiwiSaver? For every dollar you put into KiwiSaver, the Government will put in 50c, up to a maximum of $521.43. To get the full amount you’ll need to have contributed at least $1,042.86 before 28 June 2020.

If you’re aged between 18 and 65, you are eligible, whether you’re working or not. If you joined KiwiSaver after age 60, but before 1 July 2019, then you still qualify during the first 5 years.

How can you check? For employees, log in to MyIRD and see what your employee contributions were since 1 July 2020. Others can check with their KiwiSaver provider. If you’re my client, do nothing, as I’ll check that for you.

If you joined KiwiSaver after 1 July 2019, you will only qualify for part of the Government contribution in your first year.

If you need to top up, do so by 28 June, direct with your provider or via IRD payment. Don’t miss out, as the Government doesn’t give you money that often! If you can’t manage the full contribution, do what you can.

Mark Lynch is a Financial Adviser. His Disclosure Statement is available free upon request. Any comments in this column are the opinion of the writer and should not be construed as financial advice.


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