... From: KiwiSaver Communications Date: 2008/5/27 Subject: Keeping you in-the-loop with Kiwisaver To: firstname.lastname@example.org IfMessage 1 of 2 , Jun 1, 2008View Source
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From: KiwiSaver Communications <updates@...>
Subject: Keeping you in-the-loop with Kiwisaver
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Keeping you in-the-loop with KiwiSaver
Welcome to KiwiSaver email updates
Here's the seventh in a series of updates regarding KiwiSaver. Please take the time to read through the following important information. You may also wish to save it to a folder for future reference.
2,600 joining KiwiSaver every day
10 months after KiwiSaver started, 600,043 New Zealanders are members. A media release by Ministers shows that on average over 2,600 people joined KiwiSaver every day in April after the introduction of compulsory employer contributions and tax credits.
Why not get it done online?
The ir-File KiwiSaver Details Form (click on KiwiSaver KS1 from the ir-File home page) is the electronic version of the KiwiSaver employee details (KS 1) and the New employee opt-out request (KS 10) paper forms. It allows employers who are registered for ir-File to electronically notify Inland Revenue of:
- New employees who meet KiwiSaver automatic enrolment eligibility criteria
- existing employees who are not subject to the automatic enrolment rules but decide to join a KiwiSaver scheme without actively choosing a KiwiSaver scheme, and
- employees who wish to opt out of KiwiSaver.
Employers can send in both the enrolment details for an employee, as well as simultaneously giving notice that the same employee wishes to opt out of KiwiSaver.
If you use a payroll software package, that package can probably also create electronic versions of the KS 1 and KS 10 that can be sent to us via ir-File (click on File transfer from the ir-File home page).
Remember that if you're registered for ir-File you can also file both your Employer Monthly Schedule (IR 348 / EMS) and the Employer Deductions Form (IR 345 / EDF) electronically.
For further information about ir-File talk to your payroll provider or visit www.ird.govt.nz/online-services
Outbound calling feedback
As discussed in a previous update we've been calling employers with returns in error to help educate and raise awareness on how errors can be reduced.
As a result of these calls the number of returns in error has gone down and those employers we've contacted have been happy to receive advice and information.
DED (employer deductions) tax code
Last update we asked you to use the DED tax code in the particulars field of the payment instead of any specific single tax type if you file your IR 345 form and pay electronically. The Make payments to Inland Revenue: Electronic payments page on our website http://www.ird.govt.nz/how-to/making-payments/electronic-payments/ and the Making Payments (IR 584) guide outlines the different ways to pay tax so we get the information we need in order to process your payments quickly and efficiently.
- You can claim a tax credit of up to $20 per KiwiSaver or complying fund member per week or the amount contributed by you, whichever is the lesser. Please don't claim the maximum tax credit for the month if you have not contributed this amount.
- Please don't file two Employer Monthly Schedules (IR 348) a month. If you are an employer who files twice monthly, please send us two Employer Deductions (IR 345) Forms (one for the first half and one for the second half of the month) and one Employer Monthly Schedule (IR 348) for the month
- We've been receiving calls from employers checking whether they need to subtract or add totals on the IR 345 form. When completing your IR 345 forms please remember that you subtract your employer tax credit total (Box 12) from your deductions total (Box 9) to give you the total amount you need to pay (Box 13).
Who are you?
To provide you with the best possible service, we first need to know a little bit about you! Please visit update.kiwisaver.govt.nz/details and fill out the short contact form.
Thank you for taking note of this important information. Look out for further updates, which will be sent to this email address in the near future! In the meantime, any further information you may need can always be found online at www.ird.govt.nz/kiwisaver/employers
You have received this email because you registered to receive regular KiwiSaver employer updates. If you no longer wish to receive these emails, please unsubscribe by clicking here
Inland Revenue, PO Box 2198, Wellington 6140, New Zealand
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