As from 01/07/09 if a KiwiSaver member passes away the beneficiary of the will is able to claim $15,000 of the members contribution without having to await probate.
Posts Tagged ‘kiwisaver’
Kiwisaver changes
Posted: April 1, 2009 by paularetallick in Our Ezybriefs, Payroll StuffTags: kiwisaver, total remuneration
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 [...]
Why do you need the date of birth for employees under 18 and over 65?
Posted: June 26, 2008 by paularetallick in Frequently Asked QuestionsTags: employer tax credit, etc, kiwisaver, new entrant
Current Kiwisaver legislation means that if someone is younger than 18 or older than 65 and wish to make Kiwisaver contributions then these do not form part of Employer Tax Credit available to the employer. Also, if aged between 16 and 18 the employee may be on the New Entrants pay rate so we need [...]
