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Summary |
In this example, an employee opted out of KiwiSaver so you need to reverse her KiwiSaver transactions in a closed pay sequence that you have not reported to Inland Revenue yet. This topic explains the first step in this process. Further Reading: See the New Zealand Superannuation and Salary Sacrifice manual on the website. |
Process |
Navigate to the employee's Payroll | Payroll | Accum tab and note down her current (incorrect) Employee super (Total) and Employee KiwiSaver values. For example:
In this example, the reversal values are equal to the employee's Accum tab values. However, the reversal amount is not always equal to employee's Accum tab values because you should not refund KiwiSaver contributions for pay sequences that you have already reported to Inland Revenue through the IR345 or EMS (IR348) reports. |
See also |
