FREE MONEY - Kiwisaver Contribution Reminder

Each year, the Government will contribute up to $521.43 towards your retirement savings. You do not need to do anything to claim this contribution because your KiwiSaver provider will do this for you.

The maximum government contribution is $521.43. To get it all you must contribute at least $1,042.86 of your own money between 1 July to 30 June each year. Employer contributions, past government contributions and funds moved from Australian retirement schemes do not count towards the $1,042.86.

You can contribute through:

• salary and wage deductions
• payments to Inland Revenue
• payments to your scheme provider.

You can make a voluntary additional contribution to reach $1,042.86 as long as it is made by the 26th June 2024 - this allows for processing time. 

Businesslike Chartered Accountants are here to assist with your enquiries. Send us an enquiry or get in touch.