Where to start
Are you getting the full government contribution?
If you qualify, this is one of the easier wins in KiwiSaver. For every dollar you contribute, the government may add 25 cents, up to $260.72 a year.
To get the full amount, you need to contribute at least $1,042.86 of your own money between 1 July and 30 June.
You don’t need to apply. Smart claims it on your behalf.
Make sure you’re paying just the right tax
Your Prescribed Investor Rate (PIR) is the tax rate applied to the investment income you earn through KiwiSaver.
It's based on your income over the past two years, so check it from time to time, especially if your income changes. If it's incorrect, you could end up paying more tax than you need to, or having tax to pay later.
You can check and update your PIR in your Smart account or through myIR.
KiwiSaver checklist
Once a year, or after a big life change, it's worth checking that:
✓ your fund still suits your timeframe and how you feel about market ups and downs
✓ your contribution rate still fits your goals and budget
✓ you’re on track for the government contribution
✓ your PIR and personal details are up to date
How to check your KiwiSaver balance
Log in to your Smart account or app to check your balance, fund, contributions, PIR, personal details, statements and tax information. You can also see your KiwiSaver account's information through myIR.
A quick check now. Then back to the things you'd rather be doing.
