Can I temporarily reduce my KiwiSaver contribution rate?

The minimum employer contribution is currently 3.5% of your before-tax pay and is set to increase to 4% from 1 April 2028.

If the minimum contribution is more than you want to contribute for a period, you can apply to Inland Revenue to temporarily reduce your contribution rate.

The reduced rate can apply for 3 to 12 months. You can reapply if you need to or return to a higher contribution rate sooner. 

This can give you some breathing room without stopping KiwiSaver contributions altogether. 

Note: While you're contributing at the reduced rate, your employer may also contribute at the reduced rate. 

How to apply

Apply directly to Inland Revenue at myIR.

Once approved, you'll need to give the certificate to your employer so they can update your payroll deductions.