The Government delivered its annual Budget on 21 May 2015.  The Budget contained an important change to the KiwiSaver scheme. With immediate effect the $1,000.00 ‘kick-start’ payment for all new enrollees in the scheme was halted.

If you are already part of the scheme however, the $1,000.00 will not be clawed-back. Contributing KiwiSaver members will also continue to receive their annual member tax credit from the Government.