Wednesday, 14 June 2017
It’s easy, the Government pays 50 cents for every dollar you contribute annually, up to a maximum payment of $521.43. To receive the full amount all you need to do is contribute at least $1,042.86 into your KiwiSaver account before 30 June.
If you are a regular contributor there’s a good chance you have already reached, and exceeded your contribution requirement, but if you’re not sure you might want to take a closer look at your contributions.
KiwiSaver contribution examples:
•If you're earning at least $35,000/year and contribute the minimum 3% for the whole year should receive the full $521
•If you earn less than $35,000, or you're self-employed, or you've taken a contribution holiday, you might like to think about making a voluntary lump sum contribution within the next two months so you can receive the Government Contribution
If you don’t already have your KiwiSaver with Spicers, feel free to get in touch, one of our KiwiSaver Specialists would be happy to help make all the complicated KiwiSaver stuff a lot simpler.
*If you're contributing and are eligible, the Government makes an annual contribution of up to a maximum of $521.43 a year to your KiwiSaver account. To be eligible you must be between the ages of 18 and 65 and mainly reside in New Zealand, unless you are a Government employee working overseas or in limited circumstances a volunteer working overseas.
The content on this website is for information only. The information is of a general nature and does not constitute financial advice or other professional advice. Before taking any action, you should always seek financial advice or other professional advice relevant to your personal circumstances. While care has been taken to supply information on this website that is accurate, no entity or person gives any warranty of reliability or accuracy, or accepts any responsibility arising in any way including from any error or omission. A disclosure statement is available from your adviser on request and free of charge.
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