Archive for April, 2009

Kiwisaver changes

Posted: April 1, 2009 by paularetallick in Our Ezybriefs, Payroll Stuff
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The minimum employee contribution rate is reduced from 4% to 2% of gross salary or wages. Download our EzyBrief paper on it here – Kiwsaver Changes April 1st 2009 The default rate for new members joining after 1 April 2009 will be 2%, but existing members will retain their current contribution rate unless they elect [...]

Independent Earners Tax Credit (IETC)

Posted: April 1, 2009 by paularetallick in Tax Related
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From the 1 April 2009 the independent earner tax credit (IETC) will provide tax relief to middle-income New Zealanders who don’t receive core assistance from the government. IETC is a tax credit for individuals who earn between $24,000 and $48,000 and don’t receive: working for families tax credits, an income-tested benefit, NZ super or a [...]

Minimum Wage Rates

Posted: April 1, 2009 by paularetallick in Tax Related
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The minimum wage increases from $12.00 per hour to $12.50 per hour from April 1st, 2009 and the minimum training and new entrants rate increases form $9.60 per hour to $10.00 per hour. The new entrants rate applies to those who are 16 and 17 years old.  It applies until such time as the employee [...]