What is KiwiSaver?
KiwiSaver is a savings scheme designed to help New Zealanders save for retirement.
Your savings are invested by your KiwiSaver provider, giving your money the opportunity to grow over time. If you're employed, you generally contribute through your pay and your employer contributes too. You can also make extra contributions.
If you're self-employed or not currently working, you can still join KiwiSaver and make contributions directly.
If you're eligible, you may also receive an annual government contribution, whether you're employed, self-employed or not currently working.* The amount you receive depends on how much you contribute during the KiwiSaver year.
KiwiSaver is designed for retirement, but you may be able to use some of your savings to buy your first home or access them early in certain circumstances, such as significant financial hardship or serious illness.
All contributions and benefits payable are subject to the KiwiSaver Act 2006.
Learn more about how KiwiSaver works
* Government contributions are available to members aged 16 to 64 who mainly live in New Zealand and earn $180,000 or less during the year. You can receive 25 cents for each $1 you contribute up to a maximum government contribution of $260.72 each year. If you're eligible for only part of the KiwiSaver year, the maximum amount you can receive will be adjusted.