{
  "meta": {
    "title": "KiwiSaver rules 2026/27",
    "publisher": "Crucible Investments Limited (KiwiSaver Calculator NZ)",
    "url": "https://kiwisavercalculator.co.nz/data/kiwisaver-rules-2026-27.json",
    "documentation": "https://kiwisavercalculator.co.nz/methodology/",
    "license": "https://creativecommons.org/licenses/by/4.0/",
    "attribution": "KiwiSaver Calculator NZ (kiwisavercalculator.co.nz)",
    "rulesAsAt": "2026-11-10",
    "researched": "2026-11-10",
    "description": "Every KiwiSaver rate, cap, date and projection assumption used by kiwisavercalculator.co.nz, each with its official source. verified=false marks a value not yet confirmed on an official page."
  },
  "governmentContribution": {
    "source": [
      "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution",
      "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/kiwisaver-benefits",
      "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    ],
    "sourceDates": {
      "IRD-GC": "2026-06-03",
      "IRD-BEN": "2026-04-01",
      "BMA25": "2025-06"
    },
    "year": {
      "start": "07-01",
      "end": "06-30",
      "name": "tax credit year"
    },
    "periods": [
      {
        "from": "2025-07-01",
        "to": null,
        "ratePerDollar": 0.25,
        "maxPerYear": 260.72,
        "contributionForMax": 1042.86,
        "incomeCap": {
          "maxTaxableIncome": 180000,
          "rule": "eligible if taxable income <= 180000; nil otherwise (cliff)"
        },
        "minAge": 16,
        "maxAgeExclusive": 65
      },
      {
        "from": "2008-07-01",
        "to": "2025-06-30",
        "ratePerDollar": 0.5,
        "maxPerYear": 521.43,
        "contributionForMax": 1042.86,
        "incomeCap": null,
        "minAge": 18,
        "maxAgeExclusive": 65,
        "verified": "partial"
      }
    ],
    "incomeTest": {
      "case1": "Use taxable income for the tax year (1 Apr to 31 Mar) ending during the tax credit year if the return is filed by 30 June or no return is required.",
      "case2": "Otherwise use the preceding tax year.",
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    "residence": "Live mainly in NZ, or government employee serving overseas, or approved overseas charity volunteer",
    "countingContributions": {
      "counts": [
        "salary or wage deductions",
        "payments to IRD",
        "payments direct to provider"
      ],
      "excluded": [
        "employer contributions",
        "past government contributions",
        "funds transferred from Australian schemes"
      ],
      "deadline": "30 June"
    },
    "partYear": {
      "triggers": [
        "join during year",
        "turn 16 during year",
        "turn 65 during year",
        "stop meeting criteria"
      ],
      "formula": "min(0.25 * ownContributions, 260.72 * eligibleDays / daysInYear)",
      "formulaVerified": false
    },
    "rounding": {
      "rule": "half up to cents",
      "verified": false
    },
    "payment": "Provider claims after 30 June; IRD pays within 30 working days of being satisfied of income eligibility; check account after end of July, may take to end of August."
  },
  "fmaProjection": {
    "source": [
      "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html",
      "https://www.fma.govt.nz/investors/resources/kiwisaver-projections"
    ],
    "legalBasis": "Financial Markets Conduct Regulations 2014, reg 71AA and Schedule 7A (inserted 13 June 2019 by LI 2019/104); regs version as at 1 July 2026",
    "assumptionsEffectiveFrom": "2019-06-13",
    "fmaPageUpdated": "2025-06-30",
    "appliesTo": "Members for the whole accounting period, aged 18 to 64 at its end",
    "inflation_d": 0.02,
    "withdrawalAge_e": 65,
    "returnAfter65_h": 0.025,
    "wageGrowth_k": 0.035,
    "endAge_s": 90,
    "oneOffVoluntaryCapInM": 1500,
    "ageRounding_f": "nearest whole year, midpoint up",
    "returnByFundType_g": {
      "defensive": 0.015,
      "conservative": 0.025,
      "balanced": 0.035,
      "growth": 0.045,
      "aggressive": 0.055,
      "lifeCycleUnder50": 0.035,
      "lifeCycle50Plus": 0.025
    },
    "returnsBasis": "after fees and tax (FMA page); tax assumed 28% PIR; fees = averages for fund type",
    "formulas": {
      "N": "e - f",
      "c_gNotK": "m*(((1+g)^N - (1+k)^N)/(g-k)) + n*(((1+g)^N - 1)/g) + p*(1+g)^N",
      "c_gEqK": "m*(N*(1+g)^(N-1)) + n*(((1+g)^N - 1)/g) + p*(1+g)^N",
      "b": "c / (1+d)^N, rounded to nearest 1000",
      "r_hNotD": "b*(7/365.25)*((h-d)*(1+h)^(s-e-0.5)) / ((1+d)^0.5 * ((1+h)^(s-e) - (1+d)^(s-e))), rounded to nearest 10",
      "r_hEqD": "(b/(s-e))*(7/365.25)",
      "multiFund": "compute c per fund and sum; single $1,500 one-off cap across funds",
      "rounding": "midpoint rounds up"
    },
    "otherAssumptions": [
      "regular voluntary contributions continue to 65",
      "government contribution received in the period continues each year to 65",
      "no savings suspensions, first-home or hardship withdrawals",
      "same fund to 65",
      "balance as at 31 March"
    ]
  },
  "fundTypes": {
    "source": [
      "https://www.fma.govt.nz/investors/resources/kiwisaver-projections",
      "https://sorted.org.nz/how-these-calculators-work/kiwisaver-fund-finder/"
    ],
    "types": [
      {
        "id": "defensive",
        "growthAssetsMin": 0,
        "growthAssetsMax": 9.9
      },
      {
        "id": "conservative",
        "growthAssetsMin": 10,
        "growthAssetsMax": 34.9
      },
      {
        "id": "balanced",
        "growthAssetsMin": 35,
        "growthAssetsMax": 62.9
      },
      {
        "id": "growth",
        "growthAssetsMin": 63,
        "growthAssetsMax": 89.9
      },
      {
        "id": "aggressive",
        "growthAssetsMin": 90,
        "growthAssetsMax": 100
      }
    ],
    "growthAssets": "shares, commercial property and some derivatives"
  },
  "fees": {
    "source": [
      "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html",
      "https://www.fma.govt.nz/assets/Reports/KiwiSaver-Annual-Report-2026.pdf"
    ],
    "disclosure": {
      "annualFundCharge": "percentage of net asset value (FMCR Sch 4 cl 32)",
      "otherCharges": "annualised dollar amount per investor, e.g. member/admin fees (cl 34)",
      "individualActionFees": "establishment, contribution, withdrawal, switch (cl 37)",
      "performanceFees": "basis disclosed (cl 33)"
    },
    "calculatorModel": "annualFee = balance * annualFundChargePct + fixedMemberFee",
    "industry": {
      "asAt": "2026-03-31",
      "totalFees": 978200000,
      "feesPctOfFUM": 0.007,
      "prior": {
        "asAt": "2025-03-31",
        "totalFees": 868500000,
        "feesPctOfFUM": 0.007
      }
    },
    "defaultFunds": {
      "count": 6,
      "type": "balanced",
      "appointmentFrom": "2021-12-01",
      "appointmentTo": "2028-11-30",
      "members": 337230,
      "fum": 4100000000,
      "feeLevels": null,
      "feeLevelsVerified": false
    }
  },
  "firstHome": {
    "source": [
      "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html",
      "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/getting-my-kiwisaver-funds-early/getting-my-kiwisaver-for-my-first-home",
      "https://www.legislation.govt.nz/regulation/public/2006/0358/latest/whole.html"
    ],
    "legalRef": "KiwiSaver Act 2006 Schedule 1 clause 8; KiwiSaver Regulations 2006 regs 30-31",
    "minMembershipYears": 3,
    "membershipRule": "3 years since IRD received first contribution, or combined 3+ years in KiwiSaver schemes or complying superannuation funds",
    "onceOnly": true,
    "mustRemain": 1000,
    "excludedFromWithdrawal": [
      "$1,000 minimum",
      "amount transferred from Australian complying superannuation scheme (ex returns)",
      "s226 $1,000 kick-start"
    ],
    "governmentContributionWithdrawable": true,
    "maxWithdrawalFormula": "balance - 1000 - australianTransferred",
    "propertyRules": "NZ land or Maori land dwelling, principal place of residence, not investment",
    "secondChance": "Previous owners eligible with Minister of Housing (Kainga Ora) notice that assets and liabilities match someone who never owned; asset test detail UNVERIFIED",
    "firstHomeGrant": {
      "status": "closed",
      "closedOn": "2024-05-22",
      "verifiedOnOfficialPage": false
    },
    "pending": {
      "bill": "KiwiSaver (First Home or Farm) Amendment Bill 341-1",
      "introduced": "2026-08-31",
      "commencement": "first anniversary of Royal assent",
      "stageVerified": false,
      "source": "https://legislation.govt.nz/bill/government/2026/341/en/latest/"
    }
  },
  "access": {
    "source": [
      "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html",
      "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/getting-my-kiwisaver-funds-early"
    ],
    "withdrawalAge": 65,
    "withdrawalAgeRef": "NZ superannuation qualification age (Sch 1 cl 4)",
    "savingsSuspension": {
      "ref": "KiwiSaver Act ss 102-104",
      "anyReasonAfterMonths": 12,
      "beforeTwelveMonths": "financial hardship only",
      "minDays": 92,
      "maxDays": 365,
      "maxRule": "shorter of 1 year or period applied for; hardship suspensions 92 days unless IRD agrees longer",
      "renewable": true,
      "employerContributionsStop": true,
      "changedApril2026": false
    },
    "hardship": {
      "ref": "Sch 1 cl 10-11",
      "maxFormula": "balance - crownContributions (government contributions + kick-start, ex returns)",
      "supervisorMayLimit": true
    },
    "seriousIllness": {
      "ref": "Sch 1 cl 12",
      "maxFormula": "balance"
    },
    "congenitalConditions": {
      "ref": "Sch 1 cl 12B; Regs reg 32",
      "listed": [
        "Down syndrome",
        "cerebral palsy",
        "Huntington's disease",
        "fetal alcohol spectrum disorder"
      ]
    },
    "emigrationNonAustralia": {
      "ref": "Sch 1 cl 14",
      "waitYears": 1,
      "maxFormula": "balance - governmentContributions (ex returns) - australianTransferred"
    },
    "emigrationAustralia": {
      "ref": "Sch 1 cl 14B",
      "rule": "transfer whole balance to Australian complying super scheme at any time; no cash withdrawal"
    },
    "death": {
      "ref": "Sch 1 cl 9",
      "rule": "whole balance to personal representative / estate"
    }
  },
  "nzSuper": {
    "source": "https://www.workandincome.govt.nz/eligibility/seniors/superannuation/how-much-you-can-get.html",
    "effectiveFrom": "2026-04-01",
    "age": 65,
    "fortnightly": {
      "singleLivingAlone": {
        "gross": 1294.74,
        "netM": 1110.3,
        "netS": 1068.3
      },
      "singleSharing": {
        "gross": 1191.14,
        "netM": 1024.9,
        "netS": 982.9
      },
      "coupleEachBothQualify": {
        "gross": 984.28,
        "netM": 854.08,
        "netS": 812.08
      }
    }
  },
  "market": {
    "source": "https://www.fma.govt.nz/assets/Reports/KiwiSaver-Annual-Report-2026.pdf",
    "asAt": "2026-03-31",
    "members": 3440473,
    "fum": 138800000000,
    "averageBalance": 40340,
    "contributionsTotal": 13200000000,
    "contributionsMembers": 8700000000,
    "contributionsEmployers": 3500000000,
    "contributionsGovernment": 1000000000,
    "contributingMembers": 2019474,
    "nonContributingMembers": 1420000,
    "newMembers": 112471,
    "withdrawalsTotal": 6800000000,
    "withdrawalsFirstHome": 2200000000,
    "firstHomeWithdrawers": "more than 50,000",
    "withdrawalsHardship": 531500000,
    "hardshipCount": 51609,
    "savingsSuspensions": 117384,
    "fundSwitches": 460000,
    "schemes": 39,
    "prior": {
      "asAt": "2025-03-31",
      "members": 3390000,
      "fum": 123100000000,
      "averageBalance": 36349,
      "source": "https://www.fma.govt.nz/news/all-releases/media-releases/kiwisaver-annual-report-2025/"
    }
  },
  "tax": {
    "source": "https://www.ird.govt.nz/income-tax/income-tax-for-individuals/types-of-individual-income/portfolio-investment-entity-income-for-individuals/prescribed-investor-rates/find-my-prescribed-investor-rate",
    "pirRates": [
      0.105,
      0.175,
      0.28
    ],
    "defaultPIR": 0.28,
    "withdrawalsTaxed": false,
    "withdrawalsTaxedVerified": false
  },
  "testCases": [
    {
      "id": "GC1",
      "kind": "official",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 1042.86,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 60000,
        "age": 30
      },
      "expected": 260.72,
      "source": "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution"
    },
    {
      "id": "GC2",
      "kind": "derived",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 500,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 60000,
        "age": 30
      },
      "expected": 125,
      "source": "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution"
    },
    {
      "id": "GC3",
      "kind": "derived",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 3000,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 60000,
        "age": 30
      },
      "expected": 260.72,
      "source": "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution"
    },
    {
      "id": "GC4",
      "kind": "official",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 1042.86,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 180000,
        "age": 40
      },
      "expected": 260.72,
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    {
      "id": "GC5",
      "kind": "official",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 1042.86,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 180001,
        "age": 40
      },
      "expected": 0,
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    {
      "id": "GC6",
      "kind": "official",
      "fn": "incomeTestYear",
      "input": {
        "creditYear": "2025/26",
        "returnFiledOrFinalisedBy30June": true,
        "currentYearIncome": 175000
      },
      "expected": {
        "case": 1,
        "incomeYear": "2025/26",
        "eligible": true
      },
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    {
      "id": "GC7",
      "kind": "official",
      "fn": "incomeTestYear",
      "input": {
        "creditYear": "2025/26",
        "returnFiledOrFinalisedBy30June": false,
        "priorYearIncome": 178000
      },
      "expected": {
        "case": 2,
        "incomeYear": "2024/25",
        "eligible": true
      },
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    {
      "id": "GC8",
      "kind": "official",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 0,
        "employerContributions": 3000,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 60000,
        "age": 30
      },
      "expected": 0,
      "source": "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution"
    },
    {
      "id": "GC9",
      "kind": "derived",
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 1042.86,
        "eligibleDays": 365,
        "daysInYear": 365,
        "taxableIncome": 12000,
        "age": 17,
        "creditYear": "2025/26"
      },
      "expected": 260.72,
      "source": "https://www.taxpolicy.ird.govt.nz/-/media/project/ir/tp/publications/2025/ac-taxation-budget-measures-act-2025.pdf"
    },
    {
      "id": "GC10",
      "kind": "derived",
      "verified": false,
      "fn": "governmentContribution",
      "input": {
        "ownContributions": 2000,
        "eligibleDays": 181,
        "daysInYear": 365,
        "taxableIncome": 60000,
        "age": 30,
        "note": "joined 1 Jan 2026"
      },
      "expected": 129.29,
      "source": "https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/growing-my-kiwisaver-account/getting-the-kiwisaver-government-contribution"
    },
    {
      "id": "P1",
      "kind": "derived",
      "fn": "fmaProjection",
      "input": {
        "age": 30,
        "balance": 20000,
        "contributions": 5000,
        "govContribution": 260.72,
        "fundType": "growth"
      },
      "expected": {
        "c": 781473.44,
        "b": 390758.3,
        "lumpSum": 391000,
        "rRaw": 318.24,
        "weekly": 320
      },
      "tolerance": 0.01,
      "source": "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html"
    },
    {
      "id": "P2",
      "kind": "derived",
      "fn": "fmaProjection",
      "input": {
        "age": 30,
        "balance": 20000,
        "contributions": 5000,
        "govContribution": 260.72,
        "fundType": "balanced"
      },
      "expected": {
        "c": 647705.62,
        "b": 323870.69,
        "lumpSum": 324000,
        "rRaw": 263.76,
        "weekly": 260
      },
      "tolerance": 0.01,
      "source": "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html"
    },
    {
      "id": "P3",
      "kind": "derived",
      "fn": "fmaProjection",
      "input": {
        "age": 55,
        "balance": 80000,
        "contributions": 3000,
        "govContribution": 260.72,
        "fundType": "defensive"
      },
      "expected": {
        "c": 133142.37,
        "b": 109223.12,
        "lumpSum": 109000,
        "rRaw": 88.95,
        "weekly": 90
      },
      "tolerance": 0.01,
      "source": "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html"
    },
    {
      "id": "P4",
      "kind": "derived",
      "fn": "fmaProjection",
      "input": {
        "age": 25,
        "balance": 1000,
        "contributions": 4000,
        "govContribution": 0,
        "fundType": "aggressive"
      },
      "expected": {
        "c": 919323.12,
        "b": 416352.63,
        "lumpSum": 416000,
        "rRaw": 339.08,
        "weekly": 340
      },
      "tolerance": 0.01,
      "source": "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html"
    },
    {
      "id": "P5",
      "kind": "official",
      "fn": "contributionGrowth",
      "input": {
        "monthly": 200,
        "wageGrowth": 0.035,
        "years": [
          1,
          2
        ]
      },
      "expected": [
        207,
        214
      ],
      "source": "https://www.fma.govt.nz/investors/resources/kiwisaver-projections"
    },
    {
      "id": "F1",
      "kind": "official",
      "fn": "annualisedOtherCharges",
      "input": {
        "weeklyAdminFee": 2.5,
        "monthlyMemberFee": 10
      },
      "expected": 250,
      "source": "https://www.legislation.govt.nz/regulation/public/2014/0326/latest/whole.html"
    },
    {
      "id": "FH1",
      "kind": "derived",
      "fn": "firstHomeMax",
      "input": {
        "balance": 50000,
        "australianTransferred": 5000
      },
      "expected": 44000,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "FH2",
      "kind": "derived",
      "fn": "firstHomeEligible",
      "input": {
        "membershipMonths": 35,
        "previousWithdrawal": false,
        "ownedBefore": false
      },
      "expected": false,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "FH3",
      "kind": "derived",
      "fn": "firstHomeMax",
      "input": {
        "balance": 800,
        "australianTransferred": 0
      },
      "expected": 0,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "H1",
      "kind": "derived",
      "fn": "hardshipMax",
      "input": {
        "balance": 30000,
        "crownContributions": 2600
      },
      "expected": 27400,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "E1",
      "kind": "derived",
      "fn": "emigrationMax",
      "input": {
        "destination": "UK",
        "monthsSinceLeaving": 12,
        "balance": 40000,
        "governmentContributions": 3000,
        "australianTransferred": 0
      },
      "expected": 37000,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "E2",
      "kind": "derived",
      "fn": "emigrationMax",
      "input": {
        "destination": "Australia",
        "balance": 40000,
        "governmentContributions": 3000
      },
      "expected": {
        "cashWithdrawal": 0,
        "transferToAustralianScheme": 40000
      },
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "SS1",
      "kind": "official",
      "fn": "savingsSuspensionAvailable",
      "input": {
        "monthsSinceFirstContribution": 8,
        "hardship": false
      },
      "expected": false,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    },
    {
      "id": "SS2",
      "kind": "official",
      "fn": "savingsSuspensionLength",
      "input": {
        "monthsSinceFirstContribution": 24,
        "requestedDays": 30
      },
      "expected": 92,
      "source": "https://www.legislation.govt.nz/act/public/2006/0040/latest/whole.html"
    }
  ],
  "electionScenarios2026": {
    "status": "Election proposals, not law. Preliminary results only; official results due 27 November 2026. No government formed.",
    "lastChecked": "2026-11-10",
    "documentation": "https://kiwisavercalculator.co.nz/kiwisaver-election-2026/",
    "rates": "Each rate list is [fromModelYear, rate]; the last entry at or before a model year applies. Model year 2028 is the first with the 1 April 2028 rates; model year 2027 stands for the 2027/28 KiwiSaver year.",
    "scenarios": {
      "current": {
        "employee": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ]
        ],
        "employer": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ]
        ]
      },
      "act": {
        "employee": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ]
        ],
        "employer": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ]
        ],
        "noGcFrom": 2027,
        "noEarningsTaxFrom": 2027
      },
      "labour": {
        "employee": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ]
        ],
        "employer": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ],
          [
            2029,
            0.045
          ],
          [
            2030,
            0.05
          ],
          [
            2031,
            0.055
          ],
          [
            2032,
            0.06
          ]
        ]
      },
      "national": {
        "employee": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ],
          [
            2029,
            0.045
          ],
          [
            2030,
            0.05
          ],
          [
            2031,
            0.055
          ],
          [
            2032,
            0.06
          ]
        ],
        "employer": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ],
          [
            2029,
            0.045
          ],
          [
            2030,
            0.05
          ],
          [
            2031,
            0.055
          ],
          [
            2032,
            0.06
          ]
        ]
      },
      "top": {
        "employee": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ],
          [
            2029,
            0.0425
          ],
          [
            2030,
            0.045
          ],
          [
            2031,
            0.0475
          ],
          [
            2032,
            0.05
          ],
          [
            2033,
            0.0525
          ],
          [
            2034,
            0.055
          ],
          [
            2035,
            0.0575
          ],
          [
            2036,
            0.06
          ]
        ],
        "employer": [
          [
            2026,
            0.035
          ],
          [
            2028,
            0.04
          ],
          [
            2029,
            0.0425
          ],
          [
            2030,
            0.045
          ],
          [
            2031,
            0.0475
          ],
          [
            2032,
            0.05
          ],
          [
            2033,
            0.0525
          ],
          [
            2034,
            0.055
          ],
          [
            2035,
            0.0575
          ],
          [
            2036,
            0.06
          ]
        ],
        "assumedTimetable": true
      }
    },
    "notes": {
      "act": "No government contribution from model year 2027 (noGcFrom) and no tax on fund earnings (noEarningsTaxFrom), approximated by adding back tax at the member PIR on a return grossed up from the Schedule 7A 28% PIR basis.",
      "labour": "Yearly employer steps as reported by the NZ Herald; the party release says 6 percent by 2032.",
      "top": "Timetable is our assumption: TOP has published none."
    }
  }
}