The 2026 KiwiSaver changes explained
From 1 April 2026, the default KiwiSaver contribution rate rose from 3% to 3.5% for both employees and employers, on the way to 4% in 2028. Here is what changed, who it affects, and what it could mean for your savings.
What changed on 1 April 2026
The default KiwiSaver contribution rate rose from 3% to 3.5% of your before-tax pay. Your employer's matching contribution rose to 3.5% as well. This is the first of two steps: the default rate is set to rise again to 4% on 1 April 2028.
You can still contribute at 3% for now
3.5% is the default, not a compulsory minimum. If the higher rate does not suit your budget at the moment, you can apply for a temporary reduction back to 3% for a period of 3 to 12 months. The reduction resets after 12 months, so you would need to apply again if you still need it.
The government contribution has also changed
Since 1 July 2025, the annual government contribution is 25 cents for every dollar you contribute, up to a maximum of $260.72 a year. To receive the full amount you need to contribute $1,042.86 over the year. It is available to members with a taxable income of $180,000 or less. This was reduced from the previous 50 cents per dollar and $521.43 maximum in Budget 2025.
What it could mean for you
A higher contribution rate means more going into your KiwiSaver each pay, which can add up over the long term. It is also a natural moment to check that the fund you are in, and the provider you are with, still suit your goals and timeframe.
This article is general information, not personalised financial advice. If you would like a review of your own KiwiSaver, book a consultation with a Renver adviser.