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Employees can only opt out of KiwiSaver if they were automatically enrolled. If they opted in voluntarily they cannot opt out.

Employees have 8 weeks to decide if they want to stay with KiwiSaver, but can only opt out after two weeks has passed, but before 8 weeks has passed (on or after day 14, and on or before day 56).

To opt out an employee must give a KiwiSaver opt-out request form KS10 to you or to Inland Revenue.


To process an employee opting out
  1. From the front screen, click Employee > Modify Employee Details, select an employee then click KiwiSaver.
    Or, from anywhere in Ace Payroll press the F3 key, then click KiwiSaver.

  2. Under Member: yes click Change.

  3. Click Opted Out, then click GO.

To refund KiwiSaver contributions

This procedure reverses the KiwiSaver contributions from the PAYE Employer Deductions IR345, and the Employer Monthly Schedule IR348, so they are not paid to the IRD.

 Refunds can only be done in Ace Payroll if the contribution has not already been paid to Inland Revenue.

 Any contributions that are sent to Inland revenue before the employee opts out will be automatically repaid by Inland Revenue.

 

  1. From the front screen, click Calculate Pays > Options > KiwiSaver Refund.

  2. Click the red cross on each pay you want to refund, then click Next.

  3. Choose how your will pay the refund, then click Next.

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