A quick KiwiSaver check before 30 June

As another financial year concludes, many KiwiSaver members take a moment to check whether they have contributed enough to receive the government contribution.

Although the maximum amount the government will contribute has recently changed, it can still provide a useful boost to retirement savings each year. For some members, making a small additional contribution before 30 June may help ensure they receive the full amount available.

How the government contribution works

Eligible KiwiSaver members may receive a government contribution each year based on how much they personally contribute to their KiwiSaver account.

Currently, the government contributes 25 cents for every $1 contributed, up to a maximum of $260.72 per year.

To receive the full amount, members generally need to contribute $1,042.86 between 1 July and 30 June.

For many people who are employed and contributing through their salary or wages, this amount may already be reached automatically. However, others may wish to check their contributions as the end of the financial year approaches.

Who may need to top up

Some KiwiSaver members may need to make a voluntary contribution to reach the full government contribution.

This may include people who:

• Are self-employed
• Have taken time away from work during the year
• Are not currently contributing through PAYE
• Have reduced their KiwiSaver contributions during the year

In these situations, making an additional contribution before 30 June may help ensure the full government contribution is received.

Recent KiwiSaver changes

KiwiSaver settings have evolved over time, including changes to eligibility and contribution rates.

For example, members aged 16 and 17 are now eligible to receive the government contribution if they meet the contribution and eligibility requirements.

Minimum employee and employer contribution rates also increased from 3% to 3.5% from April 2026, with a further increase to 4% scheduled for 2028.

These changes are intended to support long-term retirement savings for KiwiSaver members.

Allow time for contributions to process

If a top-up contribution is required, it can be helpful to make the payment a few weeks before the 30 June deadline.

Allowing two to three weeks can help ensure the contribution is received and processed by the KiwiSaver provider before the end of the financial year, particularly if bank transfers or processing times are involved.

A good time for a quick check

The weeks leading up to 30 June can be a useful time for KiwiSaver members to review their contributions for the year.

Checking with a KiwiSaver provider can confirm how much has already been contributed and whether any additional contribution may be needed before the end of the financial year, if you want to receive the maximum available government contribution.

Disclaimer: Please note that the content provided in this article is intended as an overview and as general information only. While care is taken to ensure accuracy and reliability, the information provided is subject to continuous change and may not reflect current developments or address your situation. Before making any decisions based on the information provided in this article, please use your discretion and seek independent guidance.