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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.

$1,000 kick-start

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

Member tax credit

To help you save, the Government will make an annual contribution towards your KiwiSaver account as long as you are a contributing member aged 18 or over.

Compulsory employer contributions

If you're eligible, your employer will also contribute an amount equal to 3% of your pay to your KiwiSaver savings.

Savings withdrawal for first home

You may be able to withdraw some or all of your KiwiSaver savings to put towards buying your first home.

First home deposit subsidy

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 and will be paid to your solicitor on the day the purchase of the property is settled.