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Aaroona

3204 posts

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+1 received by user: 169


#265642 2-Feb-2020 18:55
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I wanted to just check with people here before I contact HR/payroll and find out what's happening.

 

If both me and my employer contribute 3%, would there be any reason for the employer contributions to Kiwisaver to be different from mine?

 

There were only 2 things I can think of is that my employer isn't fully paid up to Kiwisaver yet, but that would be a huge difference, as the difference between my contributions and theirs is about $4900.

 

The other is that I do a bit of overtime, but based on the Kiwisaver website, they should still be matching 3% for any earnings, including overtime.

 

 

 

 


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k1w1k1d
1720 posts

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  #2411715 2-Feb-2020 20:58
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I gave up trying to match payments on IRD website to payslips. They never made sense.

 

Check your payslips.

 

Your contribution will be 3% of your gross pay. This all goes to your Kiwisaver account.

 

Employer contribution will also be 3% of gross pay, but Employer Superannuation Contribution Tax (ESCT) is taken off the employer contribution before it is passed to your Kiwisaver account.

 

Depending on your income ESCT will probably be 30% or 33%.

 

 


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