Summary

Note: This tab page appears in New Zealand databases only.

Use these fields to apply system-wide KiwiSaver values from a date-ranged record. The default field values are defined in the current KiwiSaver legislation.

Fields

Start date:

Effective start date for the KiwiSaver record.

End date:

Effective end date for the KiwiSaver record. You would leave this field blank until you create the next KiwiSaver record.

Minimum age for automatic enrolment:

18 - Age from which employees can be automatically enrolled in the KiwiSaver scheme.

Maximum super age:

65 - Age from which employees cannot join the KiwiSaver scheme (New Zealand superannuation age).

Opt out period start:

14

Opt out period end:

56

If an employee is automatically enrolled in the KiwiSaver scheme, then they can opt out of it during the post-enrolment period defined by these fields. The current opt out period is from 14 to 56 days after enrolment.

Include salary sacrifice:

Yes/No field that indicates whether the Employee Super Funds | Allowances tab | Salary Sacrifice values are included in Total Employer Contribution calculations.

Minimum employee contribution rate:

3.00 - Minimum total percentage of employee contributions.

Maximum employee contribution rate:

10.00 - Maximum employee contribution percentage, excluding any contribution made by the employer on the employee's behalf.

Minimum employer contribution rate:

3.00 - Minimum percentage of the employee's gross pay that the employer must contribute if the employee contributes to either KiwiSaver or a complying fund.

Maximum contribution suspension (yrs):

1 - Maximum number of years for which an employee can have their KiwiSaver contributions suspended (contributions holiday). The period length is calculated from the start date of the current KiwiSaverState record (if this record has a state of "Holiday").

If the contribution suspension period expires during a pay period, a processing warning will be created.

If the contribution suspension period has already expired prior to a pay period, the pay will fail with an error message.

Note: Running the KiwiSaver Update Tool does not update the Minimum employer contribution rate or the Minimum employee contribution rate values. You must manually edit this value in the KiwiSaver record.

Pay Processing

When you process pays for KiwiSaver employees, PayGlobal uses the Minimum total contribution rate and Maximum employee contribution rate to check KiwiSaver contributions.

• If an employee's KiwiSaver contributions are less than the minimum, then an error message appears in the resultant audit log, but pay processing succeeds.
• If an employee's KiwiSaver contributions are greater than the maximum, then an error message appears in the resultant audit log and pay processing fails.

Validation

When you save a KiwiSaver record, PayGlobal checks the following:

• Dates do not overlap the dates on another KiwiSaver record.
• Dates in the KiwiSaver records are contiguous.
• Only one KiwiSaver record is current at any time.

See also

Employees | KiwiSaver States tab