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Budget 2024: The Government has announced FamilyBoost, a proposed new childcare payment to help eligible families with the rising costs of Early Childhood Education (ECE). Find out more:

KiwiSaver contributions are optional from paid parental leave payments, but if you’re buying your first home using KiwiSaver funds, check the rules first.

You can ask us to deduct your KiwiSaver contributions from your paid parental leave payments. Let us know when you apply for paid parental leave, or later in myIR if you’re already getting paid parental leave payments.

You can stop your contributions at any time through myIR.

Employer contributions

From 1 July 2024, if you choose to have KiwiSaver deductions from your paid parental leave payments, Inland Revenue will also make employer contributions of 3%.

If you continue to receive a salary or wage from your employer while on parental leave, they will keep deducting KiwiSaver contributions and making compulsory employer contributions unless you have a savings suspension.

Check the rules if you’re buying your first home

If you’re planning to use your KiwiSaver funds to buy your first home, your eligibility may be affected if you take a break from KiwiSaver while you’re on paid parental leave.

Go to the Kāinga Ora website for more information:

Kāinga Ora: Check you are eligible for First Home Grant

You can make your own arrangements

If you prefer, you can pay your contributions directly to your KiwiSaver provider.

Contact your provider to find out how to go about it.

How to join KiwiSaver

If you’re not a KiwiSaver member and you’d like to join up, check if you’re eligible:

Joining KiwiSaver

You can join through the ‘Manage my KiwiSaver’ service in myIR.

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Last updated: 08 May 2024
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