Employee contributions

Employees

You can choose to contribute 3.5%, 4%, 6%, 8% or 10% of your pay.

The default rate is 3.5% if you do not choose a higher rate.

You can change your contribution rate once every 3 months, unless your employer agrees to a shorter timeframe.  

If you want to contribute more than the maximum rate, you can make a payment directly to your scheme provider.

If you want to contribute less than the minimum rate, you can apply for a temporary rate reduction.

Temporary rate reduction

Non-employees

If you're not an employee then the contribution you pay will be set out in the contract you have with your KiwiSaver provider - for example, you're:

• self-employed
• a contractor
• not working
• receiving a benefit.

There may be:

• a minimum annual sum
• specific payment periods that apply, such as monthly or quarterly.

If you want to reduce or increase the contributions you make, you'll need to talk to your KiwiSaver provider.