Company Kiwisaver Contribution

Question

Recently I had an employee approach me about the company contribution towards their Kiwisaver.&nbsp; When I look in my payroll it is showing company contribution 3% of gross pay.&nbsp; However when I calculate what 3% is of their gross pay is the amounts don't match.&nbsp; Any ideas on why this might be? Thanks

supportnoteguy · Answer

Hi Lindaur64 - thanks for your question.
&nbsp;
Your MYOB software will automatically calculate the correct KiwiSaver contribution, but if you want to check that calculation I'd suggest you take a look at this IR information.
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I hope this helps!
&nbsp;
Adrian

princess_r · Answer

Hi Lindaur64,
&nbsp;
I understand you're trying to figure out why your calculated amounts aren't lining up with what's in your file. Besides the information already given, you might find this Help article: Kiwisaver useful.&nbsp;
&nbsp;
Feel free to get in touch if you need more help.
&nbsp;
Cheers,
Princess

lindaur64 · Answer

Thanks, sorted&nbsp;

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