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
Hi CarolineNZ
If the payment date was 1/4/26 - this is in the new financial year, so the kiwisaver should have been 3.5%. I had a client - who went in and amended it at IRD only and paid the difference - it really depends on the amount owing, and whether you would deduct the employee difference from your employees. You would need to take any further deduction as a post tax deduction, as you can't amend the kiwisaver to match.
