Every year, more than 1 million Kiwis miss out on up to $521.43 of money from the government simply because they didn’t know about it, or didn’t contribute enough to their KiwiSaver account.

But this year is different. This is the last time you can get $521.43. From next year the maximum contribution will be $260.72 and if you earn over $180,000 from next year you won’t receive the contribution at all. No matter who your KiwiSaver provider is, here’s what you need to do before 30 June to make sure you don’t miss out.

How do I know if I’m eligible?

You’ll qualify for the Government Contribution for the year ending 30 June 2025 if you;

• are aged over 18 and generally not yet 65 ,
• have been living mainly in New Zealand this KiwiSaver year,
• have been in KiwiSaver for at least a year.

If you’ve only met these conditions for part of the year, you can still get a partial (pro-rated) contribution based on the days of the year for which you were eligible.

Firstly, make sure you’ve contributed enough

To get the full $521.43, you must contribute at least $1,042.86 between 1 July 2024 and
30 June 2025. That can be through;

• Employee contributions from your salary,
• Voluntary top-ups paid directly to your KiwiSaver provider.

Other KiwiSaver contributions to your account, for example from your Employer, do not count towards the $1,042.86.  

Secondly, check your eligible contributions

Log in to MyIR, and go to KiwiSaver > Contributions Summary and look for Deductions from Salary/Wages and Voluntary Contributions. If the total is $1,042.86 or more, you’re all set.

You can also check with you KiwiSaver scheme provider whether you have contributed enough. Look for the same contributions or amounts titled ‘Your Contribution’ or similar.

If you're short before the deadline, it's easy to top up

• Through your KiwiSaver provider. Just log in, look for ‘Deposit’ or ‘Top Up’
  and follow the instructions
• Through your bank. Log in, look for Pay Tax and make sure the tax type is KSS
  for KiwiSaver Contributions by Member
  ‍

Please note that transfers can take a few days to clear. Make sure you make the contribution as soon as possible to avoid missing out.

With change comes new opportunity

Even though the government contribution is changing, eligibility is being extended to 16 and 17 year olds from 1 July 2025 who will have the benefit of years of compounding growth.

Later this year Feijoa will make it easier than ever to keep growing your savings automatically. With round-ups and rewards from partner brands, you can still build up hundreds or even thousands each year — effortlessly. And if you’re gifting or saving for loved ones, our sharing features mean you can support their futures too.

Feijoa will help you stay on track, no matter what changes come your way. Register your interest now.