The Government pays a tax credit subsidy of up to $1,042 p.a. to match your personal KiwiSaver contributions in each KiwiSaver year, from 1 July to 30 June of the following year.

If your total KiwiSaver contributions fall below $1,042 for the year, you will only receive a tax credit matching your personal contribution amount, not the full amount. You can however make a one-off voluntary top-up contribution just prior to 30 June each year for whatever the shortfall amount is. So for example, if your contributions amount to just $700 for the year, you can make a one-off voluntary top-up contribution of $342, so that your total personal contributions amount to $1,042 and you then receive the full tax credit of $1,042 from the Government.

Making a one-off voluntary top-up contribution can be done by simply completing a new application form, identifying you and your existing KiwiSaver investment, and submitting that form to your Adviser’s office or to our Head Office (PO Box 33 1317, Takapuna 0740) along with a personal cheque made payable to your KiwiSaver provider, as instructed in the application form.

To request a KiwiSaver application form please contact your Adviser or our Head Office staff on 0800 10 22 64.

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