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A voluntary scheme set up by the government to help New Zealanders save for retirement KiwiSaver
A way to top up your KiwiSaver account directly – instead of through your pay Voluntary contribution
Voluntary contributions are helpful if you’re: • self-employed • unemployed • not working • on parental leave
What your employer contributes to your KiwiSaver account. The minimum is 3% of your pay Employer contribution
A bonus from the government each year if you add money to your KiwiSaver account MTC Member Tax Credits
For every $1 you put in, you’ll get 50 cents extra in MTC. The most you can get is $521.43 each MTC year
How much you pay into your KiwiSaver account. Choose 3%, 4% or 8% from your salary or wages before tax Contribution rate
If you start a new job and are automatically enrolled in KiwiSaver, your money is put in a default fund while you decide w...
Awesome! Keep an eye out for more jargon-busters coming soon… Want more?
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KiwiSaver jargon-buster - the basics

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Understanding KiwiSaver jargon can be a headache.

For example, do you really know what KiwiSaver is? What 'contribution rate' means? What 'MTC' stands for?

Time to bust some of that KiwiSaver jargon!

Published in: Economy & Finance
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KiwiSaver jargon-buster - the basics

  1. 1. A voluntary scheme set up by the government to help New Zealanders save for retirement KiwiSaver
  2. 2. A way to top up your KiwiSaver account directly – instead of through your pay Voluntary contribution
  3. 3. Voluntary contributions are helpful if you’re: • self-employed • unemployed • not working • on parental leave
  4. 4. What your employer contributes to your KiwiSaver account. The minimum is 3% of your pay Employer contribution
  5. 5. A bonus from the government each year if you add money to your KiwiSaver account MTC Member Tax Credits
  6. 6. For every $1 you put in, you’ll get 50 cents extra in MTC. The most you can get is $521.43 each MTC year
  7. 7. How much you pay into your KiwiSaver account. Choose 3%, 4% or 8% from your salary or wages before tax Contribution rate
  8. 8. If you start a new job and are automatically enrolled in KiwiSaver, your money is put in a default fund while you decide which fund to invest in Default fund
  9. 9. Awesome! Keep an eye out for more jargon-busters coming soon… Want more?

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