Key KiwiSaver changes for 2026 include a reduced government contribution (max $260.72 from July 1, 2025) and higher default employee/employer rates, moving to 3.5% from April 1, 2026, and 4% in 2028. High earners (> $180k) lose government contributions, while 16-17 year olds now qualify for contributions and employer matching. Business.govt.nz 

Key Changes Summary (2025-2026)

• Government Contribution Reduced: From 1 July 2025, the government contributes 25c for every $1 you contribute (down from 50c), with a maximum annual payment of $260.72.

• High Earners Excluded: Individuals earning over $180,000 per year no longer qualify for the government contribution.

• 16-17 Year Olds Included: From 1 July 2025, 16 and 17-year-olds qualify for government contributions.

• Contribution Rates Rise: The default employee/employer contribution rate increases to 3.5% on 1 April 2026, and to 4% on 1 April 2028.

• Employer Matching for Youth: Employers must match the 3.5% contribution for 16- and 17-year-olds from 1 April 2026.

• First Home Withdrawal Change: Changes are planned to allow workers in service tenancies (like farm workers) to use KiwiSaver for a first home without living in it. Business.govt.nz +7

Actionable Advice

• Check Contributions: To get the maximum $260.72 government contribution, you need to contribute $1,042.86 per year ($20.06 a week).

• Plan for Rate Increase: Prepare for higher payroll deductions starting 1 April 2026.