Refunding Kiwisaver
What would be the correct way to refund kiwisaver in Exo Payroll? Client has had notification from IRD to refund as employee not eligable, IRD have refunded the Employer and asked them to refund...
Hi BarryTomkinson
Thanks for your post.I recommend avoiding recording it as a negative contribution, which can cause errors. Instead, create a post-tax allowance specifically for the KiwiSaver refund and add it to the employee's next pay run. This ensures the refund is correctly processed without affecting the IR Reports.
If you need further assistance, feel free to reach out.
Regards,
Earl
