NZ Payroll - KiwiSaver Employer Contribution Rate Maintenance

The KiwiSaver Details tab on a payee record allows an employer contribution rate to be selected so that the system can determine the rate at which KiwiSaver employer contributions are to be calculated for the payee at the Wage Costs stage of the pay batch process.

The employer contribution rates that are available for selection on the KiwiSaver Details tab on a payee record must be configured under Payroll > Maintenance > KiwiSaver a KiwiSaver employer contribution rate, you must specify the following:

• the date on which the contribution rate becomes valid

• the pay code group that defines the earnings based on which the KiwiSaver contributions are calculated.

It is possible to define multiple contribution rates against a single KiwiSaver employer contribution rate record where the contribution rate will change. Where this is the case, each prior rate must have a validity end date that defines when a given rate becomes invalid and the next rate becomes effective. This allows you to configure a rate change which will be applied automatically by the system at the appropriate time based on the applicable validity dates.

Before attempting to configure a KiwiSaver employer contribution rate record, ensure that one or more pay code groups have been configured to identify the earnings based on which KiwiSaver contributions are to be calculated.