Even though KiwiSaver is voluntary for your employees, as an employer you still need to automatically enroll all those eligible if they aren't already signed up.
Give your employees:
- a Your introduction to KiwiSaver - employee information (KS3) factsheet, and
- written information on any KiwiSaver investment scheme you offer.
You'll need to deduct KiwiSaver contributions from employees' pay and forward these to Inland Revenue, and add your own employer contributions each month when you pay PAYE. Other employer responsibilities include:
- acting on opt-out requests (eg, new employees have 8 weeks to opt out once automatically enrolled)
- acting on contributions holiday requests,
- stopping or starting deductions when IR advises.
