Q: Can we confirm whether ESCT rates can be changed during the year, even if they were checked on 1 April? We’ve been told that some systems will adjust the rate
Paytech Category: KiwiSaver & Superannuation
Lump Sum PAYE Calculations
Q: Need some confirmation on calculating PAYE on lump sum payments. Let say a bonus to be paid to an employee is to be $5000 inclusive of KiwiSaver – is
Bonus Payment
Q: I have two employees to pay bonus payments who have since been terminated. Is it correct that I pay them 8% holiday on top of their bonus amount? Then
Kiwisaver Employers Payment
Q: Could you please advise whether KiwiSaver contributions are mandatory for employees on leave without pay? A: There is no legal requirement to make a payment to KS (employee or
NZ Superannuation Paid on Annual Leave
Q: Would it be possible for you to send me the legislation and supporting document that when employees take annual leave, we still have to pay superannuation on annual leave?
KiwiSaver Contributions and Deductions on final pay for deceased employee
Q: We have an employee who passed away in March 2024 and probate has just come through, so we are preparing their final pay. Are we obliged to take KiwiSaver deductions
Payment included in KiwiSaver on termination
Q: I am running a termination pay 1st time today, just to double check if KiwiSaver is payable on termination annual leave, public holiday and alternative Public holiday? I know
Location Allowance
Q: We have an employee who has moved from AU to NZ and in his contract he has a location Allowance. My question is, is the Location Allowance superable? A:
Kiwisaver on paid parental leave Effective: 1 July 2024
Q: From 1 July 2024, as part of the Taxation (Annual Rates for 2023–24, Multinational Tax, and Remedial Matters) Bill, which received Royal Assent on 28 March 2024, employees may
Paying in lieu entitlement
Q: Can you please advise if payment in lieu incurs kiwi saver deductions for employee and employer? A: Yes payment in lieu would be included in gross for KS (employee
KiwiSaver and Lump Sum Payments
Q: The Teachers and Primary Teachers Collective Agreements settled with 3 lump sum payments, payable. 2 were for union members 1 was for the difference in salaries between what the
KiwiSaver Form Query
Q: We would like to confirm if we can develop the KiwiSaver Form in our employee self-service system by following all the required fields in the paper form? Or IRD has
Kiwi Saver deductions on termination leave payments made the same time as redundancy payment
Q: We have a redundancy question regarding Kiwi Saver deductions we are hoping you can help us with. We are currently moving one of our Distribution Centres from Auckland to Hamilton
Personal Grievance Payment
Q: We will be paying a personal grievance payment through payroll. I have read through several of your articles and and am confident this is a legitimate and lawful payment, understand
Employer KiwiSaver Contributions
Q: Can you please advise on the following situation: Employee is on a Savings Suspension and therefore there are no employee contributions being deducted from payroll Employer would still like
Casual Staff and Kiwisaver
Q: We are about to employ three casual staff for the next six weeks. We are under the impression that if they are over 25 we will need to make
Kiwisaver
Q: We are aware that employee may be on Kiwisaver contribution holiday. However, can we stop Kiwisaver deduction/contribution permanently based on employee’s request. A: If an employee is on a
Complying Super Funds and Redundancy Payments
Q: Can you please confirm whether Complying Super Fund contributions are treated the same as Kiwisaver contributions on Redundancy Payments? That is, Gross Pay for KS and Complying Super Funds does
KiwiSaver Opt Out Form
Q: We’re wondering if we can (legally) make the KS10 – KiwiSaver Opt Out Request, part of our bundle for new employee, so that they can advise us from the
Exempt from Kiwisaver calculation or not?
Q: When we became a public company an employee share scheme was introduced. In brief this was an interest free loan to employees to purchase shares. The share value has