Contributions from your employer

If you're eligible, your employer will also contribute to your KiwiSaver savings.

If you're a KiwiSaver member making contributions from your pay, your employer also has to put money in. This is equal to 3% of your pay.

Your employer does not have to make compulsory contributions to your KiwiSaver account if:

  • they are already paying into another eligible registered superannuation scheme for you (if your existing scheme meets certain criteria)
  • you are under 18 years of age
  • you are over 65 years of age, or have been a member of KiwiSaver for five years, whichever date is later
  • you are not contributing (for example on a contributions holiday or on leave without pay).

Tax on employer contributions

From 1 April 2012 all employer superannuation cash contributions (employer contributions) will be liable for tax. This means that the employer contributions being paid into your KiwiSaver account may be reduced.

Find out about taxing employer contributions from 1 April 2012