KiwiSaver Changes & Actions: 1 April 2026

KiwiSaver changes come into force on 1 April 2026. You’ll need to ensure your payroll system is up to date, and let your people know how the changes might affect them.

 1 April 2026 changes

  • The default KiwiSaver contribution rate for employers and employees rises to 3.5% (prior to 1 April 2026 the rate is 3%).

    Temporary rate reduction

    • Employees will be able to apply for a temporary rate reduction from 1 February 2026, should they wish to continue contributing at 3% from 1 April 2026.

    • The temporary rate reduction is for a minimum of 3 months (92 days), and a maximum of 12 months.

    • Employees can apply for the rate reduction as many times as they like.

    • Employers can choose to match the employee’s temporary rate reduction. However, once the employee moves to a higher contribution rate, employers will need to increase the employer contributions to the default 3.5% rate. Inland Revenue will notify employers of this.

    • For employees to apply for a temporary rate reduction, or for more information, please visit this Inland Revenue’s website. Employees can also fill out a KS2 form and give it to their employer.

  • People aged 16 and 17 will qualify for employer contributions. If they contribute to KiwiSaver from their wages, employers will need to start making employer contributions.

    Actions for organisations

    • Ensure the person or team managing your payroll is aware of these changes and has a plan in place.

    • Let your people know about the changes, so they understand what’s happening, and can make a decision about whether to apply for a temporary rate reduction.

      You might like to send your team a link to this article.

 Coming up - 1 April 2028

  •  The default contribution rates for employers and employees will rise to 4%. More information about this change will be released by Inland Revenue closer to the time. 

If you have any questions about these changes and how they might impact your organisation, please get in touch with one of the team.

This information is general guidance only, and you should not solely rely on this information; specific advice should be sought for your situation.