The Government has announced a series of KiwiSaver adjustments that take effect over three key dates. These changes may influence your contributions, employer obligations, and overall savings plan.
Changes from 1 July 2025
Government contributions reduce from 50c to 25c per $1 contributed (max $260.72 per year).
16–17-year-olds will now qualify for government contributions.
Individuals earning over $180,000 will no longer be eligible for government contributions.
Changes from 1 April 2026
Default employee and employer contribution rates increase 3% → 3.5%.
You may apply for a temporary rate reduction (3–12 months) from 1 February 2026.
Employers will now need to make compulsory contributions for 16–17-year-old employees.
Changes from 1 April 2028
Contribution rates will increase again, from 3.5% → 4% for both employees and employers.