Does KiwiSaver apply to NZ sole traders?

KiwiSaver is New Zealand's voluntary retirement savings scheme. As a sole trader, your relationship with KiwiSaver is different from PAYE employees. **Key facts for sole traders:** - KiwiSaver is voluntary for self-employed people (no automatic enrolment) - If you join KiwiSaver, you can make voluntary contributions at any amount and frequency - The government contributes up to NZ$521 per year if you contribute at least NZ$1,042 per year (the government matches 50 cents for every dollar up to NZ$1,042) - There is no employer contributing on your behalf (unlike PAYE employment) - You cannot claim KiwiSaver contributions as a business expense **Why join as a sole trader?** - Access to government contributions (NZ$521/year is effectively free money) - Investment growth over time - First home withdrawal option (if eligible) KiwiSaver contributions reduce your cash flow but provide long-term retirement savings. They are not a tax deduction for sole traders — but the government contributions are a form of subsidy.

• KiwiSaver is voluntary for self-employed people
• No employer contributes on your behalf
• Government contributes up to NZ$521/year
• To get maximum government contribution: contribute at least NZ$1,042/year
• KiwiSaver contributions are NOT a business tax deduction