Kiwisaver changes announced in today's budget

The very short version of what is happening with KiwiSaver as announced in todays budget.

Government contribution will halve, starting from 1 July 2025 and employer/employee contributions to increase to 4% each (from the 3% default now) in two steps. They will rise to 3.5% 1 April 2026. 

Employer and government contributions are also extended to 16 and 17 year-olds who are in employment.

Read more in the following article: Budget 2025: Kiwisaver is changing - what you need to know