IRD have created a ‘To Do List’ of things employers must do in regard to Kiwisaver which says:
All employers must:
- Offer KiwiSaver to all their employees who meet the rules
- Give all new employees a KS 3 information pack (factsheet and form) and existing employees if they ask for one
- Check the eligibility of new employees and enrol them (if they’re eligible)
- Make deductions and contributions for new employees who are already KiwiSaver members
- Make KiwiSaver deductions for any employee who is a member of KiwiSaver but has another superannuation scheme you contribute to
- Make sure existing KiwiSaver members are getting the correct deductions and contributions
- See the contributions holiday letter if a new employee advises they’re on a contributions holiday
- Restart deductions and contributions at the expiry of a contributions holiday
- Send any new employee opt-out request (KS10) forms you receive to us.
Things to keep in mind
- If you’re not sure if your new employee is a KiwiSaver member treat them as a non-member until you know they’re eligible.
- Employees must have contributions deducted from all employers unless they choose to take a contributions holiday from one or all of their employers.
- Temporary or casual staff employed for less than 28 days shouldn’t be automatically enrolled. If they want to be a KiwiSaver member they can enrol directly with a scheme provider or complete a KiwiSaver deduction form (KS2) and give it to their employer.
As an employer how do you manage your Kiwisaver obligations?
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