Forum Discussion

Lindaur64's avatar
Lindaur64
Experienced Cover User
2 months ago

Company Kiwisaver Contribution

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

3 Replies

Sort By
  • Princess_R's avatar
    Princess_R
    MYOB Moderator
    2 months ago

    Hi Lindaur64,

     

    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. 

     

    Feel free to get in touch if you need more help.

     

    Cheers,

    Princess

  • SupportNoteGuy's avatar
    SupportNoteGuy
    MYOB Staff
    2 months ago

    Hi Lindaur64 - thanks for your question.

     

    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.

     

    I hope this helps!

     

    Adrian

Related content