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Transfer to the Kiwi Wealth KiwiSaver Scheme
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Benefits of KiwiSaver

KiwiSaver has a range of benefits including receiving contributions from your employer and the Government, as well as helping buy your first home.

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Government Contributions

A Government Contribution of up to a maximum of $521 per year (the equivalent of $10 per week) for members who are over 18, residing in New Zealand, and not yet entitled to withdraw from KiwiSaver. This is paid at 50 cents for each dollar you contribute, so you need to contribute at least $1,042.86 per year (the equivalent of approximately $20.06 per week) to receive the maximum amount.

For conditions and details go to our Government Contribution page. (Note that the availability of Government Contributions are set by legislation and could be changed or suspended at any time.)

Compulsory employer contributions

3% compulsory employer contribution for members who are contributing through their jobs and who are over 18 and not yet entitled to withdraw from KiwiSaver. Some employers who are already paying into other eligible superannuation schemes may not be required to contribute to their employees' KiwiSaver accounts.

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KiwiSaver HomeStart grant 

As well as the first home withdrawal, KiwiSaver members may also qualify for a HomeStart grant from Housing New Zealand. If you are purchasing an existing home, the grant is $1,000 for each year you have contributed to KiwiSaver, up to a maximum of $5,000. 

So if you've contributed for three years, you could get $3,000; for four years, $4,000; and $5,000 for five years or longer for a single buyer. It's up to $10,000 for two or more buyers. 

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HomeStart grant - for new builds

If you are purchasing a newly built home or a proposed home off plans, the grant is $2,000 for each year you have contributed to KiwiSaver, up to a maximum of $10,000. So if you’ve contributed for three years, you could get $6,000; for four years, $8,000; and $10,000 for five years or longer for a single buyer and up to $20,000 for two or more buyers. 

Find out more

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