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Wed April 17th 2019
Make sure you've contributed $1042 to your KiwiSaver since 1st July 2018 to receive a $521 contribution from the Government.
To help you save, the Government will contribute 50 cents for every dollar you pay into your KiwiSaver, up to a maximum of $521. Meaning, if you have contributed $1042 since 1st July 2018, you will receive a further $521 KiwiSaver contribution from the Government.
Remember though - employer contributions, Government contributions, and money transferred from Australia under the Trans-Tasman retirement savings portability do no count. If you make contributions to your KiwiSaver from your pay, an haven't reached the $1042 threshold, you can make extra voluntary contributions to reach this amount and be eligible for the full $521 contribution.
The KiwiSaver year runs until 30th June, so you haven't got long left to contribute!
If you would like to know more, or would like to check how much you've contributed this year, contact us at Cave Financial.
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