KiwiSaver Updates You Should Know About!

Written By Boost Brokers

A few big changes have come through for KiwiSaver from 1st of July 2025:

  • Government Contribution Cut in Half - You’ll now receive 25 cents for every dollar you contribute (up to $1,043 per year), meaning the annual government top-up has dropped from $521 to $260.

  • Changes for 16-17 Year Olds - From 1 April 2026, those aged 16 and 17 will also be eligible for government and employer contributions.

  • Income Cap Introduced - If you earn over $180,000 a year, you’ll no longer be eligible for the government contribution.

  • Default Contribution Rates Are Rising - From April 2026, default contribution rates will move to 3.5%, increasing again to 4% from 2028.

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