Module: PYNZ | Molga: 13 | Currency: NZD | Region: APAC
Field | Detail |
Statutory | KiwiSaver (3% EE + 3% ER), PAYE, Payday Filing, ACC Levy |
Tax | Progressive PAYE 10.5–39% |
Key Feature | KiwiSaver & Payday Filing Real-Time |
Pay Frequency | Weekly / Fortnightly |
Banks | ANZ New Zealand, BNZ, Westpac NZ, ASB |
New Zealand-Specific Highlights
Payday Filing (from April 2019):
- Employer must file employment information (EI) within 2 days of each payday
- Via myIR or API submission to IRD
- Employee details: PAYE, KiwiSaver, student loan deductions
KiwiSaver:
- Default rate: 3% EE (opt: 4%, 6%, 8%, 10%) + 3% ER
- Compulsory Employer Contribution after 12-month opt-out period
- ESCT (Employer Superannuation Contribution Tax): on employer contribution
ACC (Accident Compensation Corporation):
- Work levy: employer rate varies by business type
- Earners levy: 2024 NZD 1.39/NZD 100 employee earnings
Chapter 5.5: EI (Employment Information) payday filing; IR348 (Employer Monthly Schedule) for large employers; Employer deduction (IR345): tax payment accompanying EI; Employee allowances: travel (NZD 0.35/km) and accommodation tax-exempt; Annual Holidays Act 2003: 4 weeks annual leave accrual; Bereavement leave 3 days; Sick leave 10 days/year