The Government's member tax credit rate is dropping from $1.00 for every $1.00 you contribute up to a maximum of $1,042.86 per annum, to $0.50c for every $1.00 you contribute up to a maximum of $521.43 per annum (subject to eligibility), from the KiwiSaver year 1 July 2011 to 30 June 2012 onwards.