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Are you on track to get the 2025 KiwiSaver Government contribution?
Did you know you can get an extra $521.43 added to your KiwiSaver account from the NZ Government each year?
It’s all thanks to the KiwiSaver Government contribution, which happens every year. It’s one of the great benefits of having a KiwiSaver account.
How does the KiwiSaver Government contribution work?
The Government will contribute 50 cents for every dollar you put into your KiwiSaver account up to a maximum of $521.43.
This one thousand and forty-two dollars eighty six cents is the least amount to contribute into your KiwiSaver account annually. This is around $20 a week.
The Government contribution is paid out during July or August each year, so the cut-off to make sure you qualify for the payment is 30 June 2025. (Note: we recommend getting any final contributions into your account by the 27th of June, to ensure they are processed in time).
This $1,042.86.only includes your employee or voluntary contributions. Employer contributions, previous Government or tax contributions and any transfers from other Superannuation Schemes (such as Aussie super) aren’t counted toward the number.
Who is eligible to receive the 2025 Government contribution?
As well as making the minimum contribution of $1042.86, you also need to meet these criteria to get the 2025 Government contribution:
- Be aged between 18 and 65 years
- Have been a KiwiSaver member since 1 July 2024
- Be mainly living in New Zealand
If you joined KiwiSaver after 1 July 2024, or turned 18 or 65 part-way through the year, don’t worry – you can still get some of the Government contribution. This will be a pro-rata amount for the days you were eligible.
Self-employed or not working?
If you are self-employed or not working, you can still get the Government top-up by making voluntary contributions directly to your KiwiSaver account. There are several ways to do this:
- Automatic or One-off Payment (through your online banking). You can make a payment from your internet banking to the Generate KiwiSaver Scheme application account 12-3244-0004191-00. Please make sure to type in the relevant information: Particulars: Surname Code: Initials Reference: Member number (include 5-6 digits of your GEN number).
- Bill Payment (through your online banking). Add New Bill Payment Payee; Type in Generate KiwiSaver Scheme and Search; Select this option and then input the requested information: Particulars: Surname Code: Initials Reference: Member number (include 5-6 digits of your GEN number).
- IRD Payments (through your online banking). Select Inland Revenue Pay Tax; Select KiwiSaver Member Account; Where applicable type in the relevant information such as IRD number, member number and name.
- Direct Debit. If you are an existing member, you can set up your direct debit by logging into your Generate online account. Or, complete our direct debit form and email it to info@generatekiwisaver.co.nz. Please allow 10 business days for the Direct Debit to be set up.
Even if you don’t put in the full required amount, the government will still contribute 50c for every dollar you do contribute – so if you put in $500, you’ll still get a 50% top-up!
How do I know if I’ve met the threshold?
The easiest way to do this is in Generate app. On the home screen, under Your investments in the KiwiSaver box, a notification will display. Once you click this and go to your Account overview, there’s a light green section showing all the calculations and notes. If you have not yet met the threshold to receive the 2025 Government contribution, it will tell you how much more you need to put in.
This same information will also display if you log in to your account via Generate website.
If you are not with Generate KiwiSaver, you can contact your fund manager for information.
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