I am a stay at home mum/dad. Can I join and do I receive any KiwiSaver benefits?
Yes, everyone under 65 who is living (or normally living) in New Zealand, and is a New Zealand citizen or permanent resident, can join, and we welcome stay at home mums and dads. You will get exactly the same benefits as anyone who is self employed or not employed: up to $521.43 per year Government Contribution (50 cents for every dollar you contribute. To get the maximum Government Contribution you will need to be a KiwiSaver member for the full year and contribute $1,042.86. If you are over 18 but under the Retirement Age (and meet certain other criteria) you may be able to take advantage of the first-home withdrawal opportunity and, if you’re eligible, the HomeStart grant from Housing New Zealand.
Everyone should save for their retirement and as a couple it makes sense for you to both contribute to a KiwiSaver Scheme as you may both receive the KiwiSaver benefits and enjoy more for your retirement together.