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KiwiSaver Scheme Providers
 | Serial No: 21020 Hi, This is probably a dumb question, but how do we load the employee/employer's nominated scheme provider's name in Ace Payroll? Thank you. H J |
- Hiya HJ. This is not a dumb question, and thank you for asking it.
- If an individual employee chooses their own scheme provider, the employee contacts the provider directly. The provider then contacts the IRD, and the IRD then stores that information.
- Similarly if the employer chooses their own default provider, the employer contracts directly with the scheme provider, who then looks after the link up at the IRD end.
- The linking of employees to scheme providers does not happen at the payroll end of the process, and accordingly there is no facility, and no need, for any payroll software to communicate this information to the IRD.
- I hope this has answered your question for you.
People may choose their own KiwiSaver scheme
A person may, at any time, choose the KiwiSaver scheme of which he or she will be a member by contracting directly with the provider of the scheme to become a member of that scheme.
Employer may choose scheme for employees
(1) An employer may, at any time, choose a KiwiSaver scheme of which the employer's employees will become members if the employees do not choose their own KiwiSaver scheme.
(2) However, an employer may choose a KiwiSaver scheme under this section only if all new permanent employees of the employer are eligible to be members of the scheme (to the extent that this Act applies to the employees).
(3) In this section, permanent employees means employees other than those employed in temporary employment within the meaning of section 12.
When employer choice of KiwiSaver scheme is effective
(1) The method by which an employer may choose a KiwiSaver scheme is
(a) by agreeing with the provider that the provider will provide access to the scheme for the employer's employees; and
(b) by giving notice to the Commissioner of
(i) the name, address, and tax file number of the employer; and
(ii) the name, address, and tax file number of both the provider and the chosen KiwiSaver scheme.
(2) The employer's choice of KiwiSaver scheme is effective
(a) as from the date on which the notice in subsection (1)(b) is accepted by the Commissioner, or on any later date specified in the notice; and
(b) until the effective date of the earliest of any of the following notices:
(i) notice given by the employer to the Commissioner of an alternative choice of scheme under subsection (1); or
(ii) notice given by the employer to the Commissioner stating that the employer no longer has a chosen KiwiSaver scheme; or
(iii) notice given by the Commissioner to the employer stating that the employer's choice of KiwiSaver scheme has been revoked by the Commissioner on the grounds that the Commissioner is not satisfied that the scheme is eligible to be the employer's chosen scheme under section 46.
More KiwiSaver Information
| KiwiSaver Automatic Enrolment Every person that starts a new job is automatically enrolled in the scheme more.. | KiwiSaver Exempt Employees Under 18, over 65, and casual employees are exempted from automatic enrolment more.. | KiwiSaver Contribution Rates
All members must contribute 3% of gross wages and may contribute 4% or 8% more.. |
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KiwiSaver Opting Out An employee has 8 weeks from the start of employment to opt out of the scheme more.. |
KiwiSaver Opting In Anyone can opt in to the scheme at any time. Once opted in, an employee can never opt out more.. |
KiwiSaver Contributions Holiday All applications for a contributions holiday must be made to the IRD using a KS6 Contributions Holiday request form more.. |
| KiwiSaver Employer Contributions All employers must contribute 3% for each employee enrolled in KiwiSaver more.. | ESCT - What Is It? A description of Employers Superannuation Contributions Tax and how it is paid more.. |
| ESCT Tax Rates Employer KiwiSaver contributions are taxed at the top employee marginal tax rate, based on estimated annual earnings more.. |
ESCT on IRD Monthly Returns I am doing my monthly return for IRD and the ESCT figure does not show on my IR348 return. What is wrong? more.. | KiwiSaver Contributions Report The KiwiSaver Contributions Report keeps track of contributions, reversals and refunds more.. |
| KiwiSaver Reversals and Refunds Use the Reversals and Refunds Wizard to reverse and optionally refund KiwiSaver deductions to employees that were automatically enrolled, and then opted out of KiwiSaver more.. | Total Remuneration Use when an agreed salary package includes KiwiSaver employer contributions more.. |
| KiwiSaver Scheme Providers The linking of employees to scheme providers does not happen at the payroll end of the process more.. |
Exempt Schemes How to disable the deduction of compulsory employer KiwiSaver contributions for employees in exempt KiwiSaver schemes more.. |
| Ace Payroll FAQ Contents All the most common Ace Payroll questions grouped by categories in a short table of key words more.. |
Ace Payroll Frequently Asked Questions All the most common questions we are asked at Ace Payroll listed in a question format and grouped by category more.. |
KiwiSaver Forms
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