Using the COVID-19 Wage Subsidy

Using the COVID-19 Wage Subsidy

Please note that this help document is a guide only. If you are unsure how best to record the wage subsidy or how you should be paying your employees we recommend contacting a specialist. Employment New Zealand and WINZ also have some dedicated information regarding COVID19 that may be able to assist you.

 

This article assumes that you have applied for, and received the Wage Subsidy payment from MSD. If you're not there yet, learn more about the governments support packages here

 

In many cases, the subsidy won’t cover full wages. Under the scheme, you must commit to paying 80%  of the employee's income.  However, 'best endeavours' mean the employer and employee can negotiate an alternative approach. 

 

If you’re able to, you can cover the shortfall in wages to 100%

 

Important considerations before you start

How to create a pay using 'C19 Wages' custom pay type?

Feel free to email help@thankyoupayroll.co.nz or call us on 0800 895 146 for further assistance.