New People / Automatic Enrolment
A new person is automatically enrolled in KiwiSaver (3.0% by default with 3.0% employer contribution).
- To change a person's deduction and/or contribution rate enter the percentages into the Employee and/or Employer fields on their Personal Details page.
- If the person should not be automatically enrolled, enter 0% into those two fields. Inland Revenue has a page detailing who is exempt from auto-enrolment.
- Record if the new person was a PreExisting Member of KiwiSaver when they started with your organisation.
Information entered into these fields will automatically update the appropriate transactions on the person's Standard Timesheet.
KiwiSaver Deduction Rates
To change the deduction and/or contribution rate for a person enter the appropriate values into the Employee and/or Employer fields on their Personal Details page. This will update the appropriate transactions on their Standard Timesheet.
Note: KiwiSaver members must contribute 3%, 4%, 6%, 8% or 10%.
To record a savings suspension, in Personal Details, in the KiwiSaver section, select either Savings Suspension - IRD Approved or Savings Suspension IRD Approved with Employer Contribution from the KiwiSaver Status dropdown, and then record the date the savings suspension will end in the Suspension Date field. This will remove the KiwiSaver transactions from the employee's Standard Timesheet.
Note: When you are advised that a person's savings suspension is ending you can select Pre-existing Member from the KiwiSaver Status dropdown. This will reinstate the KiwiSaver transactions on the employee's Standard Timesheet.
Opt Out Requests
To record that a person is opting out from KiwiSaver, in Personal Details, in the KiwiSaver section, select Opted Out from the KiwiSaver Status dropdown and enter the opted out date in the Opt Out Date field. This will automatically remove their Employee and Employer rates and remove the corresponding KiwiSaver transactions from their Standard Timesheet.
Note: People can't opt out in the first 2 weeks of starting a new job.
Reporting to Inland Revenue
iPayroll will pass all relevant payments and details onto Inland Revenue for you.