Need more help?

HTML Wrap

class	section group

To adjust the KiwiSaver deduction

The default KiwiSaver employee contribution rate is 3% of an employee's gross pay, but they can choose to contribute a higher rate of 4, 6, 8 or 10%. How much KiwiSaver can be contributed?

The default employer contribution rate is also 3%, but employers can choose to contribute more if they want to.

Here's how to adjust KiwiSaver contributions in MYOB Payroll.

HTML Wrap

class	col span_3_of_5

ANSWER ID:12189

If an employee is eligible to join KiwiSaver and Normal Hours / Days per week have been entered in the employees Leave Details tab, the KIWI (KiwiSaver) pay code will be automatically added to their pay defaults with a default rate of 3% (as of 1 April 2013).
The Employers Contribution will be set at the required compulsory contribution rate of 3%.

Employees can choose a contribution rate of 4% or 8% of their gross salary or wages.

UI Expand

expanded

true

title

UI Expand

title	To adjust the employee KiwiSaver contribution rate:

Go to the Maintenance command centre and click Maintain Employees.
Click Select Employee.
Click the Pay Defaults/Totals tab.
For the KIWI (KiwiSaver) pay code, enter the applicable new rate in the Rate column as shown below in .
In this example where the Rate rate has been changed to 4%, which has been entered as 0.04000

Employer Contribution (funded by the employer) click

UI Expand

title	To adjust the

employer KiwiSaver contribution rate:

Go to the Maintenance command centre and click Maintain Employees.
Click Select Employee.
Click the Compulsory Deductions tab and alter the rate as required. See our example below.
Image Modified

UI Text Box

type	note

Employer Superannuation Contributions Tax

From 1 April 2012 the Employer Superannuation Contributions Tax (ESCT) exemption no longer applies and ESCT needs to be calculated on the entire employer contribution.
Any voluntary employer contributions are also subject to ESCT. Voluntary employer contributions include any contributions you make:

over and above the compulsory employer contribution rate
to employees aged under 18 or over 65 years of age (and who have been member for more than five years)
to employees on a

contribution holiday

KiwiSaver savings suspension, or
to employees who are on leave without pay.

HTML Wrap

width	15%
class	col span_1_of_5

HTML Wrap

float	left
class	col span_1_of_5

Panelbox

name	green
title	Related topics

HTML Wrap

class	sidebarlinks

Payroll user guide

Adding a permanent employee into the KiwiSaver scheme

KiwiSaver for casual or temporary employees

Child pages

Versions Compared

Old Version 5

New Version Current

Key

ANSWER ID:12189

Need more help?

MYOB Payroll User Guide (PDF)

Community Forum

Videos