The Governments Member Tax Credit is "money for jam"

To take maximum advantage of the Government's Member Tax Credit to your KiwiSaver account make sure you have contributed the minimum $1,042.86 before the end of June 2011.

The oddly named "Member Tax Credit" has nothing to do with your tax return. It is simply contribution from the Government that matches contributions you have made during the year ended 30 June, up to a maximum of $1,042.86. All you have to do is make sure you've contributed.

Under the  recently announced changes this is probably the last year you will get a $1 for $1 contribution from the Government from next year you'll probably only get 50c per dollar you contribute, up to the maximum. Still a lot better than nothing.

If you need help call us on 07 578 3863. Please have available your account provider and account number.

Click here to view a copy of the OnePath SIL Kiwisaver Scheme Investment Statement