Forum Discussion

CarolineNZ's avatar
CarolineNZ
Member
9 days ago

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...
jenniek's avatar
jenniek
Ultimate Partner
8 days ago

Hi CarolineNZ​ Doreen_P​ 

I'm guessing you also just got a letter from IRD. One of our clients did today as well. Seems MYOB Business Payroll didn't update automatically for those March payruns with a payment date 1/4/26. We have just advised a client to edit it at IRD only to correct the amounts - as the $ value for the difference is quite small and not worth the hassle of deleting and re-doing the run. They will just pay the difference to IRD $50 They only had 2 employees where it affected the employee kiwisaver though.

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