Setting Up KiwiSaver and Complying Fund Contributions

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

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

Info - Blue Block (1)

 

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.

Super Complying Fund Basics

Info - Blue Block (1)

 

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.

Further Resources and Links