Kiwisaver Update

16 November 2020Debbie Fawcett

Just a quick Kiwisaver update. Did you know IRD can penalise you for not attending to Kiwisaver matters correctly.

You may be given a KiwiSaver penalty for:

  • not providing KiwiSaver information to your employees or to IRD
  • not making the correct KiwiSaver deduction when required to do so
  • not automatically enrolling a new eligible employee (unless you're an exempt employer)
  • not making compulsory employer contributions.

The penalties are either:

$50 per month if you're a small employer, or $250 per month if you're a large employer

The rules around kiwisaver eligibility can be confusing, especially regarding casual employees, so please do ask us if you need any clarification