How much you have to contribute to KiwiSaver
How much you contribute depends on whether you are an employee or non-employee.
You can choose to contribute either 3%, 4%, 6%, 8% or 10% of your pay. If you don't choose an amount, the default rate of 3% will apply.
For KiwiSaver contributions your pay is your salary or wages.
- extra salary
- any other remuneration of any kind before tax.
This doesn't include:
- redundancy payments
- the value of providing:
- board or lodging, or
- use of a house or part of a house, or
- the payment of an allowance instead of the provision of this benefit
- the cost of accommodation overseas
- overseas living expenses and allowances
- some types of grants, pensions and benefits
- free or discounted shares received under an employee share scheme
- payments under a Voluntary Bonding Scheme funded by the Ministry for Primary Industries, the Ministry of Health or the Ministry of Education.
- an overpayment of an amount of an employer’s superannuation cash contribution that an employee chooses to have treated as salary or wages
- Honoraria payments paid by Fire and Emergency New Zealand to a volunteer
Find out how to change your contribution rate.
If you're not an employee - for example, you're:
- a contractor
- not working
- receiving a benefit
then your contribution rate will be set out in the contract you have with your KiwiSaver provider. There may be:
- a minimum annual sum, or
- specific payment periods that apply, such as monthly or quarterly.
You can contact your scheme provider for details about your contribution rate.