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How Long Have I Got To Top Up KiwiSaver?

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Mary Holm
Mary Holm


I have joined KiwiSaver and my weekly contribution is just short of $20 per week.

I understand from your book that in order to take advantage of the full tax credit of $1043 I am able to make "top up" payments, which I intend to do once a year to bring my contributions up to $1043.

At what point do I need to make this top up - by 31 March each year i.e. in line with the tax year, or by 30 June each year, which would be in line with my contributions starting on 1 July when KiwiSaver began?


It's a great idea to do that top up, given that for every dollar you put in the government will match it.

The deadline date is June 30 - and not just for you. It's the same for everyone, regardless of what date they joined KiwiSaver. I suggest you put in the extra money in early to mid-June - at least in the first year - in case it takes a while for it to be credited to your account.

The tax credit year runs from July 1 to June 30. After every June 30, Inland Revenue will gather information on member contributions from KiwiSaver providers. Within 30 days of receiving that information Inland Revenue will pay the tax credit money to providers who will put it into members' accounts.


Mary Holm is the author of bestselling books on KiwiSaver and personal finance. She is also a highly praised seminar presenter. Her written advice is of a general nature, and she is not responsible for any loss that any reader may suffer from following that advice.  

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