Payroll & Benefits

Payroll

 

Employee Pay Day

Monthly: Last working day of the Month

Final pay must be paid by the upcoming payroll run. This could be the following month if the employee is terminated past the cut-off date

Client Payroll Cut Off Date 8th of every month or nearest Friday if the 8th falls on a weekend
Employee Reimbursements

Approved expense workflows received by the 8th of the month.

Approved expenses received after this date may be paid in the following month.

 

Employer Contributions

Kiwisaver Superannuation Scheme

Kiwisaver is New Zealand's voluntary, work-based retirement savings scheme.

Employers must automatically enroll eligible employees into a pension scheme if the employee is:

  • a citizen or permanent resident of New Zealand or classed as normally living in New Zealand.

  • eligible to be enrolled

  • starting work with a new employer

  • aged between 18 and 65

If the employee does not meet the requirements but would like to join, they can voluntarily opt in at any time.

Employees have the option to opt out if they were automatically enrolled and opts out between 2-8 weeks from their start date. Employees cannot opt out if they opt in voluntarily.

You must contribute at least 3% towards your employees' KiwiSaver savings unless:

  • the employee is already enrolled on an independent superannuation fund
  • the employee suspended their savings
  • the employee has opted out 
  • the employee does not join the scheme because they are not eligible and choose not to join. 
Accident Compensation Levy

Employers and employees must both contribute to the statutory accident insurance scheme. The purpose of this insurance is to cover for work-related accidents and residual claims. The amount you must pay as an employer is depending on the industry of your business, risk classification and employees' earning. 

 

If you would like to add additional benefits such as allowances and leave entitlements, submit a ticket to Global Teams and we will get back to you within the next 24-48 hours to discuss feasibility and next steps. As the legal employer of your employees, it is important that any benefits tied to their employment are formalized by Global Teams' and not directly issued - or paid - by another party.

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