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Walkthrough_KiwiSaverTab_EmployeeProfile

Thankyou Payroll

Created on September 10, 2023

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Transcript

This is

The Employee's

Super-Complying Fund Information

This section is completed if your employee has a private superannuation fund that is NOT KiwiSaver

Use this section to enter their fund manager details and reference information.

This area will be blank if your employee only has KiwiSaver

This is

The Employee's

Child Support Contribution

Fill in the rate as stated in the Child Support Notice - CS503. Do not include the $ sign

The payment amount should align with your pay cycle but there can be some variation in the notices, so read them carefullyChild support payments will be paid to IRD when we process your filing.

Child support contribution rates should only be added or changed upon receiving a Child Support Notice (CS503) from the IRD.

This is

The Employer

Contribution to the Employee's KiwiSaver

Fill in the employer's contribution rate in this field.

The employer contribution rate is usually stated in a policy or the employment agreement. The minimum rate is 3.5%.

If the employee has opted out of KiwiSaver, leave this field blank. Do not enter a 0 in this field.

This is

The Advanced Settings

for Employer Contributions

Select the option for how employer contributions to KiwiSaver will be made.

If your employment agreement states that employer KiwiSaver contributions are included in gross wages, select the appropriate option.

The default setting is that employer KiwiSaver contributions are in addition to the employee pay rate.

This is

The Employee's

KiwiSaver Contribution

Fill in the employee's chosen KiwiSaver Contribution rate as per their KS2 form in this field.

The employee may choose to contribute 3.5%, 4%, 6%, 8%, or 10% of their income.

If the employee has opted out of KiwiSaver, leave this field blank. Do not enter a 0 in this field.

This is

The Employer's

ESCT Rate

Select the ESCT rate based on your employee's TOTAL projected annual income from ALL earnings.

ESCT, or Employer Superannuation Contribution Tax, is tax paid on the employer contributions to KiwiSaver.

This rate is based on the employee's total projected annual earnings from ALL sources. Check with the employee if they have other income sources.