 |
|
|
|
|
|
|
|
|
|
 |
|
Many of your employees may want to sign up for KiwiSaver to take advantage of compulsory employer contributions to their KiwiSaver savings. Let us help you make light work of KiwiSaver. |
|
|
|
|
Register for KiwiSaver email updates
Westpac KiwiSaver Scheme
Free publications
Contact us
|
|
 |
| Employers can choose a preferred KiwiSaver scheme. Staff members who do not choose a scheme for themselves will be allocated to their employer's preferred scheme, if they have selected one. |
|
| Employers who choose a scheme for staff members will need to provide them with a copy of the chosen scheme's investment statement. |
|
| If neither you nor your staff member chooses a KiwiSaver scheme, the Inland Revenue (IRD) will assign the staff member to a default scheme. |
|
|
| > |
download the Westpac KiwiSaver Scheme employer choice form |
|
|
| File won’t open? You’ll need Adobe Reader. |
|
|
Either post the form to:
|
|
BT Funds Management (NZ) Limited
PO Box 6088
Wellesley Street
Auckland |
|
|
| Or fax it back to (09) 367 3302 |
|
|
| Compulsory employer contributions |
|
| Compulsory employer contributions are 2% of an eligible employee's gross salary or wages, and are not expected to increase beyond that rate. |
|
| If employees are 18 and over and are having KiwiSaver contributions deducted from salary or wages, then employers will generally be required to contribute. |
|
| Employer contributions are exempt of withholding tax subject to a cap of the lesser of: |
|
 |
the employees contribution, or |
|
|
2% of their gross salary or wages. |
|
|
