Partner Zone

Effect of the Expiry Date in the Kiwisaver Contributions Holiday

This thread is now closed to new comments.
Some of the links and information provided in this thread may no longer be available or relevant.
If you have a question please start a new post.
Colleen
Valued Partner
324 Posts
Valued Partner
New Zealand
Valued Partner

324Posts

8Kudos

14Solutions

Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Should the Kiwisaver Contributions Holiday Expiry Date remove the Contributions Holiday tick and resume contributions?  At the moment, the date arrives and the KS pay type remains as OLD and the tick stays on the Contributions Holiday.  I cannot find a report that shows the contributions holiday expiry date.  The only way  I can see to handle this is by putting a reminder in and running reminder reports.  Makes the expiry date redundant.  Is there any point to it other than information if you happen to be looking for it?  Surely it should resume the KS, or, at least, signal a reminder when it expires?  Also, there is no Submit an Idea for Payroll.  

Colleen King
MYOB CC | MYOB Employer Services Consultant | Christchurch
colleen@aboutbusiness.co.nz
Office: 03-359 4231 | Mobile: 027-431 8708 | www.aboutbusiness.co.nz

Increasing the time you spend making money, by reducing the time you spend on unproductive activities

6 REPLIES 6
KattC
790 Posts
Former Staff
New Zealand
Former Staff

790Posts

0Kudos

82Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Hello @Colleen 

 

The Kiwisaver Contributions Holiday Expiry Date does not remove on its own, you need to set a reminder for that employee and remove it when the date is up. This date field is to stop the Kiwisaver from populating for that pay. You need to remove the date to start the kiwisaver again.

 

The Payroll is included in AccountRight ideas Exchange, posting your idea will still get to the developers. 

 

Please do not hesitate to get back in contact with us if you need anything else.

 

Kind regards,

 

Kat 

jenniek
Ultimate Partner
2,873 Posts
Ultimate Partner
New Zealand
Ultimate Partner

2,873Posts

1,094Kudos

356Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Hi @KattC 

re NZ Payroll - are the programmers aware that the contributions holiday expiry date will not take a date past 31/12/2019.

We received a contributions holiday expiry date of 2020 from the IRD the other day and it wouldn't work.

Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
jenniek
Ultimate Partner
2,873 Posts
Ultimate Partner
New Zealand
Ultimate Partner

2,873Posts

1,094Kudos

356Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

 
Regards,
Jennie Kingma
JK Business Systems Ltd, Hamilton, NZ
Email: jennie@jkbusiness.co.nz
Suja_P
5,976 Posts
Former Staff
Australia
Former Staff

5,976Posts

0Kudos

477Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Hi Jennie (@jenniek),

 

Thank you for bringing this to our attention. I have passed this on to our Product Specialists to test further. Will post an update as soon as we hear back from the team.

 

Thank you for your patience in the meantime.

Cheers,
Suja Pillai

Social Support and Community Manager

Online Help| Forum Search| my.MYOB| Download Page

Did my answer help?

Mark it as a SolutionHelpful? Leave a to tell others

Colleen
Valued Partner
324 Posts
Valued Partner
New Zealand
Valued Partner

324Posts

8Kudos

14Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Your comment implies that this field is a 'From' Date but it is clearly worded as a 'To' Date as you have acknowledged as such in your comment to Jennie below.  

 

HOLIDAY EXPIRY.PNG

 

It doesn't matter how far in the future you put a date in the box, the Kiwisaver pay type becomes OLD and the contribution stops immediately.  

 

 

I will use the AccountRight Ideas area to continue this discussion.  

 

 

 

Colleen King
MYOB CC | MYOB Employer Services Consultant | Christchurch
colleen@aboutbusiness.co.nz
Office: 03-359 4231 | Mobile: 027-431 8708 | www.aboutbusiness.co.nz

Increasing the time you spend making money, by reducing the time you spend on unproductive activities

Colleen
Valued Partner
324 Posts
Valued Partner
New Zealand
Valued Partner

324Posts

8Kudos

14Solutions

Re: Effect of the Expiry Date in the Kiwisaver Contributions Holiday

Jennie, is it necessary to wait for a letter from IRD to resume KS or will the original holiday expiry date do? I made a comment in my ideas post that it was necessary to wait for advice but not sure that it true.
Colleen King
MYOB CC | MYOB Employer Services Consultant | Christchurch
colleen@aboutbusiness.co.nz
Office: 03-359 4231 | Mobile: 027-431 8708 | www.aboutbusiness.co.nz

Increasing the time you spend making money, by reducing the time you spend on unproductive activities

Didn't find your answer here?

Try using advanced search to find a post more easily Advanced Search
or
Get the conversation started and make a new post Start a Post