image

KiwiSaver Reversals and Refunds

KiwiSaver refunds can only be done in Ace Payroll if the contribution has not already been paid to Inland Revenue.

If you have not already paid KiwiSaver contributions to Inland Revenue, you can remove them from your PAYE Employer Deductions (IR345) and the Employer Monthly Schedule (IR348) to prevent them from being included with the rest of your payment.

This process is only possible for the first 2-3 weeks of employment for each employee. After that time the Reverse button will not be shown.

Any contributions that are sent to Inland Revenue before the employee opts out will be automatically repaid by Inland Revenue. In that case, you don't need to do anything.

To refund KiwiSaver contributions

  1. From the front screen, click Employee F3 > KiwiSaver.
  2. Select an employee from the drop down menu.
  3. Click Reverse.

Printed IR348 Employer Monthly Schedules

Monthly and twice monthly PAYE returns
All employers need to pay their PAYE either once or twice a month more..
Employees With No Payments
This field decides whether employees that are not paid are included in your return to the IRD more..
IRD Returned IR348
The IRD has returned our printed IR348 Employers Monthly Schedule saying it is unsuitable. What is the problem? more..
New Employees & Printed Monthly Schedules
The IRD version of the schedule comes back the following month showing the new employee's IRD number with 'name required' where the name should be more..
IR348 Tips and Traps
Miscellaneous tips and traps relating to the printed IRD Approved IR348 form more..
Exclusions From IR348 Employer Monthly Schedule
If you do not deduct tax from an employee, contractor or company, the IRD does not want the details shown on the IR348 more..
Monthly payment and reporting to Inland Revenue
Dealing with the IRD on a regular basis is easy. There are only two things to be done each month more..
Payroll Giving
Payroll Giving allows staff to make charitable donations on a regular basis more..
Alphabetical Index
The Ace Payroll alphabetical index provides links to all documentation more..
Ace Payroll FAQ Contents
All the most common Ace Payroll questions grouped by categories in a short table of key words more..
Ace Payroll Frequently Asked Questions
All the most common questions we are asked at Ace Payroll listed in a question format and grouped by category more..

More On Tax Codes and Rates

Paying Contractors
How to set up a contractor covering items such as tax code, holiday pay and KiwiSaver more..
Tax Calculation Bills & Refunds
Tax bills & refunds, tax calculation checklist, monthly printed tax table discrepancies more..
April 2017 Changes
Recent legislative changes and Ace Payroll's latest newsletter more..
Tax Code Entry
Entry of tax codes, percentage tax deductions, student loan special tax codes, withholding tax at zero percent etc more..
Taxation of Holiday Pay
This article shows how easy it is to tax holiday pay according to IRD requirements more..
Overwriting PAYE Deductions
How to overwrite PAYE with your own value more..
Overwriting Default PAYE
How to overwrite an employee's default PAYE deduction more..
Student Loan Voluntary
How to pay back more than the minimum student loan more..
Payroll Software IRD Compliance
How you can be sure that Ace Payroll is fully IRD compliant more..
Monthly and twice monthly PAYE returns
All employers need to pay their PAYE either once or twice a month more..
Alphabetical Index
The Ace Payroll alphabetical index provides links to all documentation more..
Ace Payroll FAQ Contents
All the most common Ace Payroll questions grouped by categories in a short table of key words more..