The more you put in, the more you get out

Increasing your contributions can make a massive difference to your results.

For example: On a $60,000 salary, increasing your contributions from 3% to 10% could give you an extra $229,000* at retirement. Now that’s a big difference.

What you should do now

  • Use Sorted’s KiwiSaver savings calculator to find out whether increasing contributions might be right for you.
  • Increase your regular contributions any time by:
    • Letting your employer know in writing, or completing a KiwiSaver deduction form (KS2).
    • Contacting your KiwiSaver provider if you’re self-employed or not working.
  • Or, make one-off lump sum payments or set up your own regular automatic payments instead. This might suit you better if your income varies.

*This is calculated over 47 years from age 18 to 65, in a conservative fund returning 2.5% per annum (after fees) and tax rate of 28%. Remember contributions to KiwiSaver are locked in (with a few exceptions).

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