KiwiSaver update: what you need to know
KiwiSaver is one of the most effective ways to save for your future. Recent updates mean now is a great time to review your KiwiSaver and make sure it’s still working for your goals.
At Provincial Wealth, we help clients understand these changes and make simple adjustments that can have a big impact over the long term.
What’s changed with KiwiSaver?
Government contribution
The government contribution is now up to $260.72 per year
To receive the full contribution, you need to contribute at least $1,042.86 annually
Members earning over $180,000 per year are no longer eligible for the government contribution
Contribution rates increasing
From 1 April 2026, minimum employee and employer contributions increase to 3.5%
From 1 April 2028, the minimum increases further to 4%
Members can temporarily apply to remain at a lower rate if needed
Younger members included
Government contributions now apply to 16–17-year-olds
Employer contributions for this age group begin from April 2026
What this means for you
Even with the smaller government contribution, KiwiSaver continues to offer:
Employer contributions on top of your own savings
Tax advantages and investment growth over time
A structured, long-term approach to saving for retirement
The gradual increase in contribution rates is designed to help your KiwiSaver balance grow steadily, while still allowing flexibility if your circumstances change.
Time for a KiwiSaver check-in?
These updates are a great reminder to:
Check your contribution rate
Review your fund type and risk profile
Make sure your KiwiSaver is aligned with your long-term goals
A simple review today can make a meaningful difference tomorrow.
At Provincial Wealth, we’re here to help you navigate these changes and ensure your KiwiSaver works for you. Get in touch with us today to review your KiwiSaver — it’s quick, easy, and tailored to your goals.
This information is general in nature and does not take your individual circumstances into account.