Have you turned 65 in the last 3 months?

If so, there is something worth checking for your KiwiSaver account.

A lot of people assume that once they reach 65, their entitlement to the Government contribution simply stops.

But that's not necessarily the case.

You may still be entitled to a contribution

The KiwiSaver Government contribution is calculated according to the period you are eligible during the KiwiSaver year, which runs from 1 July to 30 June.

So if you reach 65 part-way through that year, your entitlement can be pro-rated for the period you were eligible.

And the rules have changed.

Since 1 July 2025, the Government contribution is 25 cents for every dollar you contribute, up to a maximum Government contribution of $260.72 for a full eligible year.

To receive the full $260.72, you would need to contribute $1,042.86 during the year, subject to meeting the eligibility requirements.

But you don't necessarily need to contribute the full amount to receive something.

For example, if you contributed $435 during your eligible period, that would generate a Government contribution of $108.75.

Now, $108.75 isn't going to transform your retirement.

But here's the point:

If you're entitled to it, it's worth knowing about.

So what should you do?

If you've turned 65 during the 2026/27 KiwiSaver year, take a few minutes to check:

• When you turned 65
• How much you've contributed during the year
• Whether you meet the eligibility requirements
​

You don't have to claim the Government contribution yourself. Your KiwiSaver provider applies for it after 30 June.

If you're unsure about your individual circumstances, speak with your KiwiSaver provider or Inland Revenue.

And this is one of the things I love about financial education.

Sometimes taking control of your money isn't about making a big investment decision.

Sometimes it's simply about knowing what you're entitled to and making sure you don't miss it.

Warmly,

Kara Northcott

Financial Educator & Facilitator

Helping New Zealanders gain the knowledge, clarity and confidence to make smarter financial decisions.

027 666 6784
📩 kara@financialconsultant.co.nz
🌐 kara-northcott-financial-consultant.kit.com​

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