KiwiSaver government contribution
Boost your KiwiSaver account with up to $521.43 from the government each year
The KiwiSaver initiative is designed to help you prepare for the biggest financial challenges in your life. It can help turn dreams into reality, like buying your first home and planning a comfortable retirement.
But is your AMP KiwiSaver Scheme account growing as fast as it could be? One element to consider is whether you are securing the maximum government contribution possible? Every year you could enjoy a lump sum payment of $521.43 in the form of a KiwiSaver government contribution, but many New Zealanders aren’t currently taking advantage of this benefit of the KiwiSaver initiative.
In isolation this annual government contribution may not seem like a lot. But if you continue to secure the full amount year after year, these contributions can add up over time.
Don't miss out on your Government Contribution
To ensure your contributions count towards this year's KiwiSaver government contribution, please make them by 20 June 2025 (to allow for processing time). We also recommend reviewing the timing of any direct debit or automatic payments to ensure these are received by 20 June.
What is the KiwiSaver government contribution?
The KiwiSaver government contribution is an annual contribution to reward you for growing your KiwiSaver. For every dollar you put into your KiwiSaver account, the Government puts in 50 cents, up to the maximum government contribution of $521.43 per year.
To receive the full $521.43, you need to have been a member for the full KiwiSaver year (starting 1 July) and have personally contributed at least $1,042.86 into your KiwiSaver account between 1 July of the previous year and 30 June of the current year. (You have until 20 June to top up your AMP KiwiSaver Scheme account to allow for processing).
This Government contribution is paid to your KiwiSaver provider and for AMP members, will show in your AMP KiwiSaver Scheme account in late July or early August.
New to KiwiSaver, or turned 18 or 65 during the year?
You may be eligible for a portion of the government contribution based on the number of days you were eligible in the year. For more information visit the Inland Revenue website.
Watch our video explaining how the KiwiSaver government contribution works
Self employed, not currently working or on a contributions holiday?
The KiwiSaver government contribution isn't only for working Kiwis. If you meet the eligibility criteria and invest at least $1,042.86 into your KiwiSaver account by the end of June, you could still qualify.
You can make one-off or regular contributions of as little as $5 that will count towards your Government contribution. Don’t miss out on possibly adding thousands of dollars to your KiwiSaver account over time, with the KiwiSaver government contribution each year.
Every little bit counts
Even a $10 contribution could get you $5 from the Government. If you can't contribute the full $1,042.86 you will still receive 50 cents for every dollar you do contribute.
Contributing regularly makes a big difference
This graph shows the potential growth of your KiwiSaver account, including both your contributions and the Governments if you joined at age 18 and remained an eligible member of KiwiSaver until 65. The Government contribution alone can add over $24,500 to your retirement savings.
Am I eligible for the KiwiSaver government contribution?
You are generally eligible if you:
- Are aged 18 or over
- Contribute to your KiwiSaver account
- Mainly live in New Zealand, and
- Are not eligible for a retirement withdrawal.
You may still be eligible if you’re a government employee abroad, or volunteering or working for a charitable organisation overseas (with certain conditions). For full details and exclusions, visit the Inland Revenue Department website.
How can I check my KiwiSaver contributions?
AMP KiwiSaver Scheme members can view their latest contributions in MyAMP. If you’re having difficulty logging in or to registering visit our MyAMP FAQs.
Alternatively reach out to your provider or track your contributions through the Inland Revenue Department.
How do I add extra money to my KiwiSaver account?
With MyAMP you can add extra money or make voluntary KiwiSaver contributions to your AMP KiwiSaver Scheme account anytime, anywhere. Whether you’d like to make a one-off contribution (up to $100,000) or set up a regular direct debit contribution.
If you’re employed and want to increase the contributions you make through your pay, you can adjust your contribution rate via MyAMP or by informing your KiwiSaver provider, employer or the Inland Revenue Department.
Prefer internet banking?
To make an extra KiwiSaver contribution, you’ll need your AMP KiwiSaver Scheme member number and internet banking access
- Log in to your bank's online banking.
- Find and select 'AMP KiwiSaver Scheme' from the payee list.
- Enter the details below
- Follow your bank's instructions to complete the payment
AMP KiwiSaver Scheme details:
- Account Name: AMP-KIWISAVER SCHEME
- Particulars: Your last name (e.g., Smith)
- Code: Your IRD number
- Reference: Your AMP KiwiSaver Scheme member number
Not an AMP KiwiSaver Scheme member?
To add extra money or make voluntary contirbutions to your KiwiSaver account, reach out to you KiwiSaver provider or the Inland Revenue Department.
What happens if I contribute more than $1042.86 to my KiwiSaver?
The Government will not make additional contributions on any amount above $1,042.86 that is paid in this KiwiSaver year. However, making extra voluntary contributions when you can afford to can be a good way to grow your retirement savings or for a first home deposit. While a minimum contribution amount applies to employer contributions and employee contributions, there’s no such thing as a maximum contribution.
Looking for expert KiwiSaver advice?
Speak with our experts on the AMP KiwiSaver Scheme today.
Maximise your KiwiSaver with AMP
Most Kiwis should look to boost the value of their KiwiSaver account, and government contributions are just one element. Follow the links below to find out how to grow your savings for your retirement or for a first home deposit.
AMP KiwiSaver Scheme: how it works
Our explainer tells you all you need to know about the KiwiSaver scheme.
How KiwiSaver works
Saving for your first home
As a first home buyer you can access your KiwiSaver account to boost your deposit. Here’s how.
Read more
Will I have enough money in retirement?
How much money do you need to retire comfortably? It’s a tricky question, but one that our retirement calculator is built to answer.