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KiwiSaver – New deductions or changes to contibutions
Author: Maxine Hefford
Date: 24/04/20
Version: 1.0
Overview

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KiwiSaver is a voluntary savings scheme set up by the government to help New Zealanders to save for their retirement. Employees can choose to contribute 3%, 4%, 6%, 8% or 10% of their gross (before tax) wage or salary to our KiwiSaver account.
Anyone can join KiwiSaver if they are : a New Zealand citizen, or entitled to live in New Zealand indefinitely, and. living or normally living in New Zealand (with some exceptions).
The employer has to contribute as well – at least 3% of the employees gross salary if the employee is a member of KiwiSaver and aged between 18 and 65 years.
For more information refer to : https://www.ird.govt.nz/kiwisaver

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Datacom will action changes to employee's KiwiSaver set up as per the client's request.

• Changes will apply to a complete pay period.
• Employer contributions will be loaded as the standard amount unless advised otherwise.

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