- Are you in KiwiSaver?
- Are you self- employed or on PAYE earning less than $34,776 per annum?
If you are self-employed you need to have made voluntary contributions of $20 per week on average to your KiwiSaver in order to qualify for the full tax credit. This is also the case if you are not employed and only making voluntary contributions.
The KiwiSaver member tax credit is paid annually in July or August. In order to be eligible for this years' maximum tax credit of $521.43, you must*:
- Be over 18 years of age but under 65;
- Have contributed at least $1,042.86 ($20 per week) to your KiwiSaver account between the 1st of July and the 30th of June. Note: this amount cannot be inclusive of employer contributions or any government contributions;
- Mainly resided in New Zealand with few exceptions