Salary
In this scenario, the employee’s total package value is $70,000.00, including the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Gross Annual Remuneration after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $67,632.85 ($70,000.00 / 1.035)
2. Click Save
Salary (with rent)
In this scenario, the employee’s total package value is $80,400.00. This includes rent of $10,400.00 and also the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Gross Annual Remuneration after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $78,032.85 ($80,400.00 – $10,400 = $70,000.00 / 1.035 = $67,632.85 + $10,400.00)
2. Click Save
Salary (with holiday pay)
In this scenario, the employee’s total package value is $75,600.00. This includes holiday pay of 8% and also the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Gross Annual Remuneration after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $73,043.48 ($75,600.00 / 1.08 = $70,000.00 / 1.035 = $67,632.85 x 1.08)
2. Click Save
Salary (with rent & holiday pay)
In this scenario, the employee’s total package value is $86,832.00. This includes rent of $10,400.00, holiday pay of 8% and also the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Gross Annual Remuneration after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $84,275.48 ($86,832.00 / 1.08 = $80,400.00 – $10,400.00 = $70,000.00 / 1.035 = $67,632.85 + $10,400.00 = $78,032.85 x 1.08)
2. Click Save
Hourly rate
In this scenario, the employee’s hourly rate is $25.00, including the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Actual Hourly Rate Paid/Actual Cash Hourly Rate after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $24.15 ($25.00 / 1.035)
2. Click Save
Hourly rate (with holiday pay)
In this scenario, the employee’s hourly rate is $27.00. This includes holiday pay of 8% and also the employer’s 3.5% KiwiSaver contribution
1. In the Employment Details tab, input the Actual Hourly Rate Paid/Actual Cash Hourly Rate after deducting the employer’s 3.5% KiwiSaver contribution. For this specific scenario, the calculated value would be $26.09 ($27.00 / 1.08 = $25.00 / 1.035 = $24.15 x 1.08)
2. Click Save