{"id":45547,"date":"2025-05-28T14:50:52","date_gmt":"2025-05-28T02:50:52","guid":{"rendered":"https:\/\/milfordasset.com\/?p=45547"},"modified":"2025-09-17T19:24:42","modified_gmt":"2025-09-17T07:24:42","slug":"what-do-the-new-kiwisaver-changes-mean-for-you","status":"publish","type":"post","link":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you","title":{"rendered":"What do\u202fthe new KiwiSaver changes mean for you?"},"content":{"rendered":"<p>The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. If you\u2019ve caught some of the headlines, you\u2019re probably left wondering<\/p>\n<ol style=\"list-style-type: upper-alpha;\">\n<li>What does it all mean for me? and<\/li>\n<li>Are the KiwiSaver changes positive?<\/li>\n<\/ol>\n<p>To answer these queries and others, we\u2019ve put together some FAQs below.<\/p>\n<p><strong>What changes are being made to KiwiSaver?<\/strong><\/p>\n<ul>\n<li>Those aged 16 and 17 will be eligible for government contributions (from 1 July 2025) and employer contributions (from 1 April 2026).<\/li>\n<li>From 1 July 2025, the government contribution is reducing from a maximum of $521.43 to $260.72 per year. Eligible members will still need to contribute $1,042.86 per year to qualify for the full government contribution and those earning $180,000 or more will no longer be eligible.<\/li>\n<li>Employee and employer minimum contribution rates will increase from 3% to 4%. From 1 April 2026 the rate will go to 3.5%; then to 4% from 1 April 2028. Members will be able to temporarily keep their contributions at 3% if needed.<\/li>\n<\/ul>\n<p><strong>What if I\u2019ve already contributed more than $1,042.86 this year \u2013 do I need to do anything?<\/strong><\/p>\n<ul>\n<li>None of the announced KiwiSaver changes will come into effect this KiwiSaver year (1 July 2024 \u2013 30 June 2025). If you are eligible for government contributions and have already contributed $1,042.86 or more this year, then you will automatically receive a government contribution of $521.43 in July 2025.<\/li>\n<\/ul>\n<p><strong>How can I check how much I\u2019ve contributed this year?<\/strong><\/p>\n<ul>\n<li>You can check how much you\u2019ve contributed by either visiting the Milford client portal\/app or logging into myIR.<\/li>\n<\/ul>\n<p><strong>Is there a tool I can use to measure the impact that these changes could have on my KiwiSaver?<\/strong><\/p>\n<ul>\n<li>Yes, Sorted have updated their <a href=\"https:\/\/sorted.org.nz\/tools\/kiwisaver-calculator\/\" target=\"_blank\" rel=\"noopener\">KiwiSaver calculator<\/a> to reflect the amendments to KiwiSaver. Head along to their website to see what these changes could mean for you.<\/li>\n<\/ul>\n<p>So, we know what the changes are, but are they positive? For the most part, yes, we believe these changes will improve the KiwiSaver system and are a step in the right direction, which is a good thing for everyone!<\/p>\n<ul>\n<li>Having a higher default contribution rate of 4% is a good initiative and will ultimately mean that KiwiSaver members have more funds available for their first homes and retirement. Every extra dollar invested means a lot more in the long run thanks to compounding returns.<\/li>\n<li>Allowing 16 and 17 year old KiwiSaver members (who often have part-time jobs) to qualify for government contributions is a positive step and will encourage good investing habits to form at an earlier age.<\/li>\n<li>Whilst government contributions have reduced, they are still available to most KiwiSaver members and when compounded over time, can still amount to a significant benefit to the overall value of your KiwiSaver investment.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. If<\/p>\n","protected":false},"author":52,"featured_media":45548,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"ep_exclude_from_search":false,"footnotes":""},"categories":[843,780],"tags":[833],"media_type":[701],"fund_category":[704],"class_list":["post-45547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-insights","category-kiwisaver","tag-market-outlook","media_type-read","fund_category-milford-kiwisaver"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What do\u202fthe new KiwiSaver changes mean for you? - Milford<\/title>\n<meta name=\"description\" content=\"What do\u202fthe new KiwiSaver changes mean for you? The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. What does it all mean for me? and Are the KiwiSaver changes positive?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"MAM\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#article\",\"isPartOf\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\"},\"author\":{\"name\":\"MAM\",\"@id\":\"https:\/\/milfordasset.com\/#\/schema\/person\/f1d0ca8b4295df91c529dc366431f417\"},\"headline\":\"What do\u202fthe new KiwiSaver changes mean for you?\",\"datePublished\":\"2025-05-28T02:50:52+00:00\",\"dateModified\":\"2025-09-17T07:24:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\"},\"wordCount\":446,\"publisher\":{\"@id\":\"https:\/\/milfordasset.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage\"},\"thumbnailUrl\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg\",\"keywords\":[\"Market Outlook\"],\"articleSection\":[\"Market Insights\",\"KiwiSaver\"],\"inLanguage\":\"en-NZ\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\",\"url\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\",\"name\":\"What do\u202fthe new KiwiSaver changes mean for you? - Milford\",\"isPartOf\":{\"@id\":\"https:\/\/milfordasset.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage\"},\"image\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage\"},\"thumbnailUrl\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg\",\"datePublished\":\"2025-05-28T02:50:52+00:00\",\"dateModified\":\"2025-09-17T07:24:42+00:00\",\"description\":\"What do\u202fthe new KiwiSaver changes mean for you? The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. What does it all mean for me? and Are the KiwiSaver changes positive?\",\"breadcrumb\":{\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#breadcrumb\"},\"inLanguage\":\"en-NZ\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage\",\"url\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg\",\"contentUrl\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg\",\"width\":1920,\"height\":1081,\"caption\":\"What do\u202fthe new KiwiSaver changes mean for you?\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/milfordasset.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What do\u202fthe new KiwiSaver changes mean for you?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/milfordasset.com\/#website\",\"url\":\"https:\/\/milfordasset.com\/\",\"name\":\"Milford\",\"description\":\"Invested in You\",\"publisher\":{\"@id\":\"https:\/\/milfordasset.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/milfordasset.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-NZ\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/milfordasset.com\/#organization\",\"name\":\"Milford\",\"url\":\"https:\/\/milfordasset.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\/\/milfordasset.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2022\/02\/Milford.svg\",\"contentUrl\":\"https:\/\/milfordasset.com\/wp-content\/uploads\/2022\/02\/Milford.svg\",\"width\":745,\"height\":488,\"caption\":\"Milford\"},\"image\":{\"@id\":\"https:\/\/milfordasset.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/milfordasset.com\/#\/schema\/person\/f1d0ca8b4295df91c529dc366431f417\",\"name\":\"MAM\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-NZ\",\"@id\":\"https:\/\/milfordasset.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/4c2057109c752ab4693a076259efa4fe4e3d89f6ff1411061ce23de5e446f536?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/4c2057109c752ab4693a076259efa4fe4e3d89f6ff1411061ce23de5e446f536?s=96&d=mm&r=g\",\"caption\":\"MAM\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"What do\u202fthe new KiwiSaver changes mean for you? - Milford","description":"What do\u202fthe new KiwiSaver changes mean for you? The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. What does it all mean for me? and Are the KiwiSaver changes positive?","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you","twitter_misc":{"Written by":"MAM","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#article","isPartOf":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you"},"author":{"name":"MAM","@id":"https:\/\/milfordasset.com\/#\/schema\/person\/f1d0ca8b4295df91c529dc366431f417"},"headline":"What do\u202fthe new KiwiSaver changes mean for you?","datePublished":"2025-05-28T02:50:52+00:00","dateModified":"2025-09-17T07:24:42+00:00","mainEntityOfPage":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you"},"wordCount":446,"publisher":{"@id":"https:\/\/milfordasset.com\/#organization"},"image":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage"},"thumbnailUrl":"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg","keywords":["Market Outlook"],"articleSection":["Market Insights","KiwiSaver"],"inLanguage":"en-NZ"},{"@type":"WebPage","@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you","url":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you","name":"What do\u202fthe new KiwiSaver changes mean for you? - Milford","isPartOf":{"@id":"https:\/\/milfordasset.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage"},"image":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage"},"thumbnailUrl":"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg","datePublished":"2025-05-28T02:50:52+00:00","dateModified":"2025-09-17T07:24:42+00:00","description":"What do\u202fthe new KiwiSaver changes mean for you? The wait is over, and after some speculation, we now know exactly what changes are being made to KiwiSaver. What does it all mean for me? and Are the KiwiSaver changes positive?","breadcrumb":{"@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#breadcrumb"},"inLanguage":"en-NZ","potentialAction":[{"@type":"ReadAction","target":["https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you"]}]},{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#primaryimage","url":"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg","contentUrl":"https:\/\/milfordasset.com\/wp-content\/uploads\/2025\/05\/iStock-939287260What-do\u202fthe-new-KiwiSaver-changes-mean-for-you.jpg","width":1920,"height":1081,"caption":"What do\u202fthe new KiwiSaver changes mean for you?"},{"@type":"BreadcrumbList","@id":"https:\/\/milfordasset.com\/insights\/what-do-the-new-kiwisaver-changes-mean-for-you#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/milfordasset.com\/"},{"@type":"ListItem","position":2,"name":"What do\u202fthe new KiwiSaver changes mean for you?"}]},{"@type":"WebSite","@id":"https:\/\/milfordasset.com\/#website","url":"https:\/\/milfordasset.com\/","name":"Milford","description":"Invested in You","publisher":{"@id":"https:\/\/milfordasset.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/milfordasset.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-NZ"},{"@type":"Organization","@id":"https:\/\/milfordasset.com\/#organization","name":"Milford","url":"https:\/\/milfordasset.com\/","logo":{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/milfordasset.com\/#\/schema\/logo\/image\/","url":"https:\/\/milfordasset.com\/wp-content\/uploads\/2022\/02\/Milford.svg","contentUrl":"https:\/\/milfordasset.com\/wp-content\/uploads\/2022\/02\/Milford.svg","width":745,"height":488,"caption":"Milford"},"image":{"@id":"https:\/\/milfordasset.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/milfordasset.com\/#\/schema\/person\/f1d0ca8b4295df91c529dc366431f417","name":"MAM","image":{"@type":"ImageObject","inLanguage":"en-NZ","@id":"https:\/\/milfordasset.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/4c2057109c752ab4693a076259efa4fe4e3d89f6ff1411061ce23de5e446f536?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/4c2057109c752ab4693a076259efa4fe4e3d89f6ff1411061ce23de5e446f536?s=96&d=mm&r=g","caption":"MAM"}}]}},"_links":{"self":[{"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/posts\/45547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/users\/52"}],"replies":[{"embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/comments?post=45547"}],"version-history":[{"count":0,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/posts\/45547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/media\/45548"}],"wp:attachment":[{"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/media?parent=45547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/categories?post=45547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/tags?post=45547"},{"taxonomy":"media_type","embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/media_type?post=45547"},{"taxonomy":"fund_category","embeddable":true,"href":"https:\/\/milfordasset.com\/wp-json\/wp\/v2\/fund_category?post=45547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}