Helping you save for retirement

KiwiSaver is an easy way to save for your retirement, and can help you top up your retirement income. Plus, you could receive contributions from the government and your employer.

New Zealand Super

Once you turn 65, if you’re eligible you’ll receive New Zealand Superannuation.* The amount you receive each week depends on your circumstances. For example:

  • If you’re single and living alone you’ll receive $411.15 net of tax a week.*
  • If you’re married or in a civil union or de facto relationship, you’ll each receive $316.27 a week net of tax.*

So, the more you save by the time you need to access your KiwiSaver account, the more you’ll be able to enjoy your retirement. That’s where KiwiSaver comes in.

* Rates current as at 01 April 2019. Please see the WINZ website for full details.


You can join KiwiSaver if you’re employed, self-employed or even not working at all. See what kind of contributions you could be making here

Usually, you can only access the money once you reach the Qualifying Age.** Find out how you may be able to access your money earlier, or take a savings suspension.  

You could also qualify for some savings-boosting incentives.

** You become eligible to withdraw your savings when you qualify for New Zealand Super (currently age 65) (Qualifying Age). If you first joined KiwiSaver before 1 July 2019 and were aged 60-65 at that time, your savings will be locked in for 5 years. However, from 1 April 2020, you will be able to elect out of the 5 year lock-in and access your money from age 65. If you do so you will lose eligibility for Government contributions and compulsory employer contributions.

Employer contributions: 3% of your before-tax pay

It’s easy to save directly through your pay. You choose to contribute 3%, 4%, 6%, 8% or 10% of your before-tax pay. If you're eligible, your employer will usually also make contributions. These will be equal to 3% of your before-tax salary or wages.

Your employer’s contributions have tax taken out before they're added to your KiwiSaver account.

Government contributions: get up to $521.43 a year from the government

Once you’ve joined KiwiSaver, you could qualify for Government contributions. They’ll add 50 cents for every dollar you save, up to a maximum of $521.43 a year. So if you contribute $1,042.86 or more to your KiwiSaver account by 30 June each year – that’s just over $20 a week – you could get more than $500 extra a year from the government.