If you start a job with PAYE (pay as you earn), you'll be able to choose a percentage of your gross (pre-tax) salary to be contributed to your KiwiSaver. You can select between:
If you don't tell your employer the rate you want to pay KiwiSaver, they'll deduct your contributions at the default 3%.
Every year, the Government will contribute 50 cents for each dollar you put in your KiwiSaver (up to a maximum of $521.43). You've got to contribute $1,042.86 a year to get that maximum. This may sound like a lot, but it averages around $20 a week — or about $2.85 a day.
If you're contributing part of your pay to KiwiSaver, your employer also needs to pay in. By law, they've got to contribute a minimum of 3% but might agree to add in more.
Speak to your employer to change your KiwiSaver contribution. Alternatively, flick them a completed KiwiSaver Deduction Form, which you can find on the IRD's website. You can't change your contribution rate more than once every three months unless you and your employer agree otherwise.
You can also add money to your KiwiSaver as a once-off or set up a regular debit deposit. Recurring deposits are also a good idea if you're self-employed and don't have an employer who'll be making regular payments for you.