KiwiSaver Information

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.

Record if the new person was a Pre- Existing 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.

For more information here KiwiSaver Statuses in iPayroll

For more information here KiwiSaver for Employers - IRD

KiwiSaver Deduction Rates

(KS 2 form)

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.

KiwiSaver members must contribute 3%, 4%, 6%, 8% or 10%.

Savings Suspension

(KS 6 form)

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.

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

(KS 10 form)

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.

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.

• Related Articles

• KiwiSaver Statuses in iPayroll

  What KiwiSaver status should I select for my employee? To accurately report your employees' KiwiSaver information to Inland Revenue (IR) as part of payday filing, it is important that you select the correct KiwiSaver status for your employee in ...

• Record Custom Field information on a person

  Custom Fields are a powerful HR feature that allow you to set up your own table-driven reporting fields for your people. Once you have set up your Custom Fields, you can record them against each person by going to their details. See: Create Custom ...

• More Information on Two-Factor Authentication

  If you would like to understand two-factor authentication in more detail, here are some useful sites you might want to research. Wikipedia Multi-factor authentication Time-based One-time Password algorithm CERT NZ CERT NZ is a government organisation ...

• Contractors / Directors - Schedular Tax Deductions

  Contractor / Director Set Up (WT or Schedular Payments) You make payments to them under a contract and can include certain activities, eg commissions, director fees or labour only contracts in the building industry. GST can be payable, check if your ...

• Salary Sacrifice Pay Element

  A Salary Sacrifice deduction can be set up to allow you deduct from an employee's pay before any tax calculations are made. Using this type of deduction will reduce a person's PAYE, Student Loan and Kiwisaver calculations and you should seek legal ...