KiwiSaver: Don’t miss out on free money

Breaking news – you could be missing out on extra cash for your KiwiSaver account!

One big benefit of contributing to KiwiSaver is the free money you could get from the government.

Are you eligible to receive this free money? 

If you’re between the ages of 18 and 65, and have been a KiwiSaver member for more than 12 months, you are eligible to receive the Government Contribution. For every $1 you contribute, the government will give you 50 cents, up to $521. This means if you contribute at least $1,043 over the KiwiSaver year, you will get $521 for free. 

How do you get the free money?

Eligibility to receive the full $521 requires you contribute $1,043 – or a little over $20 a week – into your KiwiSaver account before the end of June each year. A lump sum will be paid into your KiwiSaver account, usually around July/August.

If you’re earning over $35,000 a year and contributing the minimum of 3% of your pay, you don’t need to worry. You would have already contributed enough to receive the maximum Government Contribution. 

If you’re not sure, check your KiwiSaver contributions summary on the MyIR portal. Please note, if you have made any voluntary contributions directly to your KiwiSaver provider, this will not show up there and best to get in touch with your provider. 

You’re eligible, but haven’t contributed enough. What should you do? 

If you top up your account before the end of June you’ll receive the Government Contribution. If you want to receive the maximum of $521, make sure your total contribution is over $1,043 since 1 July last year. 

If topping up is not an option right now, that’s okay - you’ll still get 50 cents for every dollar. For example, if you contribute $200 before the end of June, you will receive a lump sum of $100 from the government. 

If you’re unsure of anything, contact your KiwiSaver provider. That’s what they’re there for – it’s their job to help you understand! 

What happens if you’ve only just joined KiwiSaver? Or just turned 18 or 65?

If you’re brand new to KiwiSaver, you’ll receive a partial payment. The partial payment is determined by how many days you have been a KiwiSaver member. If you’ve turned 18 or 65 this year, you will also receive a partial payment determined by how many days you’ve been aged 18 or 64. 

If you’re not sure how much to contribute, have a chat with your KiwiSaver provider and they will be able to help you. 


Information correct as at July 2022. Pie Funds Management Limited is the issuer and manager of the JUNO KiwiSaver Scheme. Click here for our Product Disclosure Statement. Any advice is given by Pie Funds Management Limited, and is general only. It relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees if you act on any advice. As manager of the Scheme we receive monthly fees that are determined by your balance and whether you are 13 years or over. We will benefit financially if you invest in our products. We manage any conflicts of interest via an internal compliance framework designed to ensure we meet our duties to you. For information about the advice we can provide, our duties and complaint process and how disputes can be resolved, visit www.junofunds.co.nz. All content is correct at time of publication date, unless otherwise indicated. Past performance is not a reliable indicator of future returns. Returns can be negative as well as positive and returns over different periods may vary. Please let us know if you would like a hard copy of this disclosure information.