Inland Revenue pays interest while holding onto your money

If you're employed, Inland Revenue passes your contributions through to your provider. Your money earns interest while it's with Inland Revenue.

Inland Revenue is required to hold your contributions for 3 months from the date of your first contribution before transferring the money to your KiwiSaver provider. 

Normal contributions also take about 3 months to reach your provider.

While your money is with Inland Revenue, they'll pay 1.45% interest for contributions from you and your employer. This money is credited to your KiwiSaver account.

Interest on:

  • employee contributions is paid from the 15th of the month your contribution comes out of your pay packet
  • employer contributions is paid from the first day of the month the employer contribution arrives at Inland Revenue.