Superannuation scheme contributions are managed through payroll. This article shows how to set up KiwiSaver and/or super complying fund contributions in the Employee Profile.
Updated: November 2024
Enrolling new eligible employees in KiwiSaver is part of your responsibility as an employer. Let's have a look at setting up the Employee Profile for contributions
In this article:
- Exploring the KiwiSaver Tab in the Employee Profile
- KiwiSaver Basics
- Complying Fund Basics
- Further Resources and Links
Exploring the KiwiSaver Tab
Superannuation scheme contributions are set up in the KiwiSaver Tab. Use this walkthrough to find your way around. Select an orange explore button for additional information:
KiwiSaver Basics
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The KiwiSaver contribution rate boxes can either be left blank, or have a number added to them. The boxes cannot have a 0 (zero) in them. |
- Employer contributions are only compulsory for contributing employees aged 18-65.
- Use the KS2 form for the employee's contribution rate
- Minimum employer contribution rate is 3% of employee gross.
- ESCT rate is based on the employee's TOTAL projected annual income from all sources.
- With a pay suspension, delete the contribution rates from the boxes. Do not enter a 0.
Super Complying Fund Basics
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The boxes are starred, but are not required. Only complete this section if the employee is contributing to a complying fund. Leave this section blank otherwise. |
*An employee can have both KiwiSaver and a complying fund they are contributing to, although this is rare.
- ESCT is payable on employer contributions made on top of the employee's base income.
- ESCT rate is based on the employee's TOTAL projected annual income from all sources.
- The employer is not compelled to contribute a minimum of 3% to a private scheme, as they are with KiwiSaver.
- Contributions can be a fixed dollar amount per pay, or a % of income.
- The information in this field is the private scheme provider name, bank account details and the employee reference number with the scheme so they can track the contribution.
- These contributions form part of the 'You deposit' amount and are managed and filed by Thankyou Payroll.