Work and Income New Zealand (WINZ) may write to an employer to tell them to deduct money from an employee and pay it to WINZ.
WINZ tells the employer the total amount to be deducted and paid, the amount per pay period, the date the deductions must begin, and the frequency. WINZ also specifies a bank account to pay the deduction into.
The deduction amount does not get paid to the IRD with your PAYE. WINZ deductions must be paid directly to WINZ.
|title||To set up WINZ a deduction|
- Set up a deduction called WINZ Deduction. Leave the Calculation Method as Fixed Unit Value $1.000 so that it can be used in future situations.
- Link the employee to the WINZ deduction. Enter the amount WINZ has asked you to deduct each pay in the Usual Units field.
- If WINZ has specified a total amount that must be paid, set the deduction to be a reducing balance deduction. Once you have entered the total balance that must be paid, Ace Payroll deducts the set amount each pay period and stops automatically when the balance is repaid.
- Finally, link the deduction to the bank account that WINZ has specified so that it is paid to WINZ automatically through your direct credits. Enter the reference details given to you by WINZ to ensure that the deduction is correctly allocated at the receiving end.
And you’re done. Ace Payroll makes the deduction each period, and pays it to WINZ each time you do your direct credits, including the correct reference details. The deduction stops automatically once the total balance is paid.