Can I contribute to KiwiSaver if I'm self-employed?

If you are self-employed, KiwiSaver is often the last thing on your mind. Many self-employed people do not contribute to KiwiSaver, thinking it is only for wage and salaried workers.

If you are self-employed, you are able to contribute to KiwiSaver just as wage and salary earners are. Payments are entirely voluntary unless you are paying yourself PAYE wages. If you self-employed and receiving PAYE wages, KiwiSaver contributions must be made as you would for any other employee.

If you don’t receive a PAYE salary, to join KiwiSaver, contact the KiwiSaver provider you would like to join and agree your contribution amount. The Government will pay 50 cents for every dollar of member contribution annually up to a maximum payment of $521. This means that you must contribute $1,042 annually to qualify for the maximum payment of $521.

Be aware that KiwiSaver is not as flexible as regular savings accounts, as it can only be accessed early to buy your first home, if you are facing significant financial hardship or if you immigrate permanently to another country (other than Australia). Otherwise your funds will be available once you reach the age of 65, at which point they can be used however you like.