Where can I get KiwiSaver deduction form?

If you have lost your notice, you can get a replacement online at ird.govt.nz from your myIR account. You must provide your IRD number, name and address. If you don’t choose a rate, the default rate of 3% will be deducted.

Is KiwiSaver included in PAYE?

You deduct KiwiSaver contributions from your employee’s salary or wages and pay them to Inland Revenue with your PAYE payments.

Does the employee receive exempt income for KiwiSaver?

Exempt status shifts KiwiSaver from a compulsory opt-out regime, to a voluntary opt-in regime. Therefore, if an employer has exempt status: The employer is not required to hand the “IRD KiwiSaver pack” to each new employee, when they first join service.

Do I have to fill out a KiwiSaver form?

For every employee who opts in you’ll need to fill out a New employee and KiwiSaver details – IR346K form. You can do this in myIR or download and complete it. You need to send it to us either: before your employee’s first pay day.

What forms do new employees need to fill out NZ?

You’ll need to fill out a New employee details (IR346) form for each new employee and send it to us with the Employment information (IR348) form that includes their first pay, or earlier. You’ll need their name, KiwiSaver status, IRD number and tax code.

Does KiwiSaver get taxed?

Your KiwiSaver scheme invests your contributions so they earn money for you. You pay tax on the money your investment earns. Withdrawals from your KiwiSaver scheme are tax-free. To use the right tax rate you need to know what kind of KiwiSaver scheme you’re in.

Is KiwiSaver taken off before or after tax?

​Your contributions Your KiwiSaver contributions are calculated on your before-tax pay. However, you still pay tax on the full amount that you earn.

Is KiwiSaver deduction taxable?

Is KiwiSaver contribution taxed?

Are KiwiSaver employee contributions taxed?

You’ll need to pay tax on all your employer contributions to KiwiSaver schemes and complying funds. It’s called the employer superannuation contribution tax (ESCT). You do not pay this if you and your employee have agreed to treat some, or all, of your contribution as salary or wages under the PAYE rules.

Are KiwiSaver employer contributions tax deductible?

Your employer must deduct tax (employer superannuation contribution tax) from their contributions. The amount paid to your KiwiSaver scheme by your employer may be less than 3%.