Amending Kiwisaver deduction from 01.04.26
Hi When processing the payrun on 01.04.26 the Kiwisaver deduction was made at 3%. IRD have picked up on this and require the amount amended to 3.5%. The payday was 01.04.26, but the pay week was...
Forum Discussion
I just had exactly the same. MYOB support told me to delete the original payrun and redo in MYOB. Before doing this, I went into myIR and zeroed out the original submission. When redoing in MYOB, a new submission is sent. Also had to let my employee know they'll be getting less $ this week due to "overpayment" on 1st April. Also needed to change my upcoming payment to IRD due 20th May. Luckily I only have 1 employee. This does seem to have sorted the issue - I've also requested a refund from MYOB for the hassle!
Hi CarolineNZ,
Because the payment date falls in the new financial year, both the employee and employer KiwiSaver rate should be 3.5%. You’ll need to make an adjustment by deleting the entire pay run and redoing it with both contribution rates set to 3.5%. You’ll also need to amend the initial submission in myIR so you don’t end up with duplicate returns. If needed, you can amend the original return to a zero pay for the one that was calculated at 3%, or check this link about changing or deleting a pay for more info. You can also give IRD a quick call for help with the cleanest way to amend or remove that original submission.
Cheers,
Doreen
