Last updated on MARCH 08, 2017
Applies to:Oracle HRMS (New Zealand) - Version 12.1.3 to 12.2.3 [Release 12.1 to 12.2]
Information in this document applies to any platform.
On : 12.2.3 version, New Zealand Payroll
KiwiSaver Information is a seeded element which captures percentage contributions to KiwiSaver.
You have an exemption from IRD, so they do not have to make a compulsory contribution to KiwiSaver, as long as the employer contributes to AMP Superfund.
However, there is a check in the seeded formula - SSCWT_CALCULATIONS - to check that the Employer Contribution should be a minimum of 3%. As a result, you are being forced to contribute the additional 3% to KiwiSaver as well.
If a Contribution which is smaller than 3% is given, the payroll will stop with an error.
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