A significant number of New Zealanders are eligible for KiwiSaver, a work-based savings scheme. It’s crucial that employers and those who manage payroll on behalf of others understand how the scheme works and their part in it.
Luckily, it doesn’t have to be complicated. Here’s our comprehensive guide so you can ensure you’re ticking every box – depending on whether you’re an employer or an outsourced payroll provider.
In the Employers’ version of this guide, we’ll cover:
- Expected employer contributions
- How to get a new employee set up with KiwiSaver
- How to make KiwiSaver payments
In the Outsourced Payroll Providers’ version of this guide, we’ll cover:
- Expected contributions from your clients
- How your clients can get a new employee set up with KiwiSaver
- How your clients make can KiwiSaver payments
Disclaimer: The information in this article is relevant as at 7 June 2022, and has been prepared by Employment Hero Pty Ltd (ABN 11 160 047 709) and its related bodies corporate (Employment Hero). The views expressed in this article are general information only, are provided in good faith to assist employers and their employees, and should not be relied on as professional advice. The Information is based on data supplied by third parties. While such data is believed to be accurate, it has not been independently verified and no warranties are given that it is complete, accurate, up to date or fit for the purpose for which it is required. Employment Hero does not accept responsibility for any inaccuracy in such data and is not liable for any loss or damages arising either directly or indirectly as a result of reliance on, use of or inability to use any information provided in this article. You should undertake your own research and to seek professional advice before making any decisions or relying on the information in this article.
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