What is Contribution Holiday?

A contribution holiday is a break from making KiwiSaver contributions for between 3 months and 5 years.

Detailed Explanation

If you are facing financial hardship or simply want to pause contributions, you can apply for a contribution holiday. You must have been a KiwiSaver member for at least 12 months. During a holiday, you will not receive employer contributions or the full government contribution.

Example

If you lose your job or face unexpected expenses, you can apply for a 12-month contribution holiday. You can return to contributing at any time.

Frequently Asked Questions

How do I apply for a contribution holiday?

Apply through your KiwiSaver provider or IRD. You need to have been a member for at least 12 months.

Can I end my holiday early?

Yes, you can resume contributions at any time by notifying your employer.

Related Terms

Employer Contribution Member Tax Credit (Government Contribution)Voluntary Contribution

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