• Employee and employer default contributions are increasing from 3% to 3.5% - this will happen automatically and you don’t need to do anything. 
• Those aged 16 and over will be eligible to receive employer contributions. 
• This is good news: higher contributions mean you’ll accumulate more money towards your first home or retirement savings goals. 
• However, if your circumstances mean it will be hard to contribute 3.5%, you can apply to the IRD to temporarily remain at 3% for up to 12 months.  

More information: 

• To work out the benefit of higher contributions for your KiwiSaver, check out Sorted’s KiwiSaver calculator
• To read more about the changes, including how to temporarily apply for a contribution rate reduction, visit the IRD website 

Information is current as at 10 March 2026. Pie Funds Management Limited (“Pie Funds”) is the issuer and manager of the funds in the Pie Funds Management Scheme and the Pie KiwiSaver Scheme (“Schemes”), the product disclosure statements of which can be found at www.piefunds.co.nz. Any advice is given by Pie Funds and is general only. Our advice relates only to the specific financial products mentioned and does not account for personal circumstances or financial goals. Please see a financial adviser for tailored advice. You may have to pay product or other fees, like brokerage, if you act on any advice. As manager of the Schemes, we receive fees determined by your balance and we benefit financially if you invest in our products. We manage this conflict of interest via an internal compliance framework designed to help us meet our duties to you. For information about how we can help you, our duties and complaint process and how disputes can be resolved, or to see our disclosure statement, please visit www.piefunds.co.nz. Please let us know if you would like a hard copy of this disclosure information. Past performance is not a guarantee of future returns. Returns can be negative as well as positive and returns over different periods may vary. The information is given in good faith and has been derived from sources believed to be reliable and accurate. However, neither Pie Funds nor any of its employees or directors gives any warranty of reliability or accuracy and shall not be liable for errors or omissions herein, or any loss or damage sustained by any person relying on such information, whatever the cause of loss or damage. No person, including the directors of Pie Funds, guarantees the repayment of units in the Schemes or any returns of units in the Schemes.