We use cookies to improve security, personalize the user experience, enhance our marketing activities (including cooperating with our marketing partners) and for other business use.
Click "here" to read our Cookie Policy. By clicking "Accept" you agree to the use of cookies. Read less
The following form contains explanations of the classification of employees for personnel or employee manual or handbook regarding full time, part-time, temporary, leased, exempt, and non-exempt employees.
An employee exempt from KiwiSaver refers to individuals who are not required to contribute to a KiwiSaver retirement savings scheme. They may be eligible for certain exemptions based on their age, residency status, or specific job circumstances.
Employees who are aged 65 years or above, non-residents for tax purposes, or those who are already members of another registered superannuation or retirement scheme can qualify for the employee exemption from KiwiSaver contributions.
No, in general, employees are obligated to contribute to KiwiSaver unless they meet specific qualifying criteria for an exemption. However, individuals can choose to contribute at a minimum contribution rate of 3% instead of the default rate of 4% if they wish.
Yes, even if an employee is exempt from personal KiwiSaver contributions, they are still eligible to receive employer contributions based on their employment agreement. These contributions are not affected by their exempt status.
Yes, an employee exempt from KiwiSaver can choose to join the scheme at a later time if their circumstances change, and they become eligible or wish to contribute voluntarily. They should discuss this with their employer and IRD to ensure a smooth transition.
Employees can apply for an exemption by completing the KS2 form provided by the Inland Revenue (IRD) department of New Zealand. The form should be submitted to IRD for assessment along with any required supporting documents.
Employees Regarding Full Exempt Trusted and secure by over 3 million people of the world’s leading companies
Classification of Employees for Personnel Manual or Employee Handbook regarding Full Time, Part Time, Temporary, Leased, Exempt, and Nonexempt Employees
Legal definition
Classification of Employees for Personnel Manual or Employee Handbook regarding Full Time, Part Time, Temporary, Leased, Exempt, and Nonexempt Employees
Classification of Employees for Personnel Manual or Employee Handbook regarding Full Time, Part Time, Temporary, Leased, Exempt, and Nonexempt Employees