Plain language law

New Zealand law explained for everyone

 Plain Language Law homepage
Back to
MK 4: Amount of tax credit
or “How to calculate your KiwiSaver tax credit”
You could also call this:

“Government tax credits for KiwiSaver and complying fund members”

If you’re part of a KiwiSaver scheme or a complying fund, the government may give you a tax credit. This tax credit is sent to your fund provider, as mentioned in [section MK 3]. When this happens, it’s treated as if the Crown (which means the government) has made a contribution to your fund. This Crown contribution will follow the same rules as your KiwiSaver scheme or complying fund. These rules will decide how the contribution is handled in your account.

This text is automatically generated. It might be out of date or be missing some parts. Find out more about how we do this.

Next up: MK 6: Credit given by fund providers

or “Fund providers immediately add your tax credit to your KiwiSaver or superannuation investments”
Next

Part M Tax credits paid in cash
Tax credits for KiwiSaver schemes and complying superannuation funds

MK 5Crown contributions for members

  1. A tax credit paid to a person’s fund provider under section MK 3 is treated as a Crown contribution for the person, and the KiwiSaver scheme rules and complying fund rules, as applicable, apply to the amount.

Compare