KiwiSaver benefits

KiwiSaver has a range of membership benefits including contributions from your employer and the Government, as well as help buying your first home.

To get your savings off to a good start, the Government will kick-start your account with a tax-free contribution of $1,000.

To help you save, the Government will match your contributions by up to $1,042.86 each year. This works out to about $20 a week.

If you're eligible, your employer will also contribute an amount equal to 2% of your pay to your KiwiSaver savings.

To help you with a deposit for your first home, you may be able to withdraw some or all of your KiwiSaver savings.

After 3 years of contributing to KiwiSaver, you may be entitled to a first home deposit subsidy. The subsidy is administered by Housing New Zealand.