Am I eligible for the KiwiSaver annual Government contribution (member tax credit)?
Last Updated: 29 Nov 2016
You will be eligible for the annual Government contribution if you:
- are between 18 and the KiwiSaver retirement age (the age you are eligible for New Zealand Superannuation (currently 65) or, if you first joined KiwiSaver or a complying superannuation fund over the age of 60, five years after you joined),
- reside mainly in New Zealand (or you’re a state services employee working outside New Zealand or work overseas for some charities), and
- contributed to your KiwiSaver account during the year
The Government will contribute 50 cents for every dollar you contribute (up to a maximum of $521.43 each year).
You may not receive the full amount if you don’t meet these requirements for the full year (1 July to 30 June).
Did this answer your question?
Related Answers
-
The transfer of KiwiSaver savings to an Australian complying superannuation fund is exempt from entry or exit taxes. Australian entry ...
-
After they join KiwiSaver, you should deduct contributions from their next payday. If an employee (over 18) is making KiwiSaver ...
-
You will be eligible for the annual Government contribution if you: are between 18 and the KiwiSaver retirement age (the ...
-
Yes. If you are on a contributions holiday, you can still get the annual Government contribution if you're elligible; however ...
-
We don't charge a fee to arrange the transfer of your Australian superannuation savings into the ASB KiwiSaver Scheme. You ...
-
For general information about KiwiSaver, check: www.kiwisaver.govt.nz (for information about KiwiSaver) www.sorted.org.nz (for information about saving and budgeting) www.hnzc.co.nz (for ...
-
If they’re not on a contributions holiday, start deducting employee contributions. If an employee (over 18) is making KiwiSaver contributions, ...
-
You can change KiwiSaver schemes however the new provider must be able to accept any Australian savings transferred into your ...
-
It’s simple – you can top up any employee contributions with regular or lump sum contributions. You can do this ...
-
If you have insurance cover attached to your Australian superannuation funds, this could cease when transferring your savings to a ...
