Business Owners & Self Employed: $521 Free From The Government

Financial Adviser, Director from adviceHQ

💡Are You Eligible for $521.43 KiwiSaver Government Contribution?

✔ Each year, the Government contributes up to $521.43 towards your retirement savings automatically through your KiwiSaver provider.

💲To receive the full $521.43, you need to contribute at least $1,042.86 of your own money between 1 July 2023 and 30 June 2024. Note: Employer contributions, past government contributions, and funds moved from Australian retirement schemes do not count towards this amount.

💲You can make a voluntary additional contribution to reach $1,042.86 by 30 June (remember to allow for processing time).

✔Even if you don’t save the full amount, you still receive 50 cents for every dollar you contribute between 1 July 2023 and 30 June 2024.

You won’t get the full contribution if:
❌ You turn 18 part-way through the year
❌ You join part-way through the year
❌ You no longer meet the eligibility criteria

✔If you join, turn 18, or reach the age of eligibility to stop contributing part-way through the year, the government contribution is prorated based on your membership days.

Your KiwiSaver provider applies for the contribution after 30 June.

adviceHQ partners with the top KiwiSaver providers. Contact us now for a 15-minute review to maximise your KiwiSaver contributions.

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