KiwiSaver Government and Employer Contributions
If you want to pop a few more pennies aside, there are easy ways to make more contributions to your KiwiSaver account.
Employer contributions
Your employer must contribute to your KiwiSaver, although there are some exceptions.
Your employer must pay an amount that's equal to at least 3% of your 'gross' salary or wages – what you're paid before tax is taken off. Tax is deducted from employer contributions before they credit your KiwiSaver account. Contributions can take up to 4-6 weeks to show in your KiwiSaver account.
Note, your employer will need to match the increase in your minimum contribution to 3.5% from 1 April 2026, and then to 4% from 1 April 2028. However, if you apply to Inland Revenue to keep your contributions at 3% your employer can choose to just match that rate.
If you've got a paid job and are making KiwiSaver contributions directly from your salary or wages, your employer has to make contributions too.
Employer contributions will be equal to at least 3% of your pay, but some employers may choose to contribute more.
Your employer won't have to make contributions if:
- you're under 18 years old (but from 1 April 2026 employers have to make contributions for 16- and 17-year-olds)
- you're eligible to make retirement withdrawals, currently at the age of 65
- you're not making contributions, for example during a savings suspension
- they're already paying into another eligible registered superannuation scheme for you.
Although your contributions are deducted in line with your pay cycle, they don't appear in your KiwiSaver account straight away. There can be a small delay of around 4-6 weeks from when your contributions are deducted to when they show up in your KiwiSaver account. This is because your employer forwards your contributions to IRD first.
Once IRD have processed the contributions, they are sent to us to put into your account.
Government contributions
Government contribution is like a reward for being a great saver. For every $1 you contribute to your KiwiSaver account, the government gives you $0.25c up to $260.72 each year.
Your KiwiSaver provider automatically adds the government contribution from Inland Revenue (IR) to your KiwiSaver account.
Check your government contribution on mybooster.
Making extra contributions
Making extra contributions is a great way to add to your retirement savings – especially if you’re self-employed and don't pay yourself a salary or wages.
These extra voluntary contributions can also help ensure you receive a government contribution each year if your employee contributions aren't quite enough.
You can choose to make regular, occasional, or one-off contributions for yourself or another Booster KiwiSaver Scheme member.
The best way to make regular extra contributions is to set up a direct debit. You can do this in:
- mybooster by clicking Contributions under Quick Access and following the instructions or the Booster NZ app by clicking Make a payment under KiwiSaver
- Post a copy of a signed and completed direct debit form to Booster Investment Management Ltd, PO Box 11872, Manners Street, Wellington 6142 or email to kiwisaver@booster.co.nz
To make a contribution through online banking, follow the same process as setting up a bill payment. You will need your Booster member number and IRD number.
To make a payment, search ‘Booster KiwiSaver Scheme’ (Acc No. 02-0108-0435663-00) under payee’s and follow the prompts.
Contribute via Inland Revenue
To make a contribution, follow these steps:
- Log in to your online banking and choose to make a tax payment
- Enter your IRD number and how much to pay
- Select the ‘KSS’ tax type to ensure your payment goes to your KiwiSaver account
- Choose period '0'
Learn more about contributing via Inland Revenue
Savings suspension
After you've been a KiwiSaver member for 12 months, you can apply to take a 'savings suspension'. A savings suspension is a break from making employee contributions and can last anywhere from 92 days to 1 year – it's up to you.
Your employer doesn't have to make contributions while you're on a savings suspension, but must start again once the savings suspension ends. You don't have to give a reason for taking a savings suspension, and there's no limit to the number of times you can take one. You can also renew a savings suspension if you need to.
To apply for a savings suspension, you'll need to contact Inland Revenue.
Early savings suspension
If you haven't been a member for 12 months but are experiencing financial hardship, you can apply for an early savings suspension. The standard length of an early savings suspension is three months, but Inland Revenue will work with you to decide what's best for your situation.
Read more about KiwiSaver savings suspension on the Inland Revenue website.
Temporary rate reduction option
If you can’t afford to increase your minimum contribution rate or want to save in other ways, from 1 February 2026 you can apply to Inland Revenue to continue paying 3% when the minimum rate goes up to 3.5% from 1 April 2026.
Temporary rate reductions will range from 3 months (92 days) to 12 months. If you are approved for a temporary rate reduction your employer can choose to match your temporary rate reduction.
More information about how you can apply for a temporary rate reduction will be available on Inland Revenue’s website (ird.govt.nz) in early 2026.