The regulations pertaining to employer contributions to KiwiSaver schemes can be found within KiwiSaver Act 2006, s 101A(3A). Compulsory Employer Contributions (CECs) must be calculated at a rate of 3% on salary or wages (as defined in 2.4.4). These contributions are invested into the scheme net of employer superannuation contribution tax (ESCT), the rate of which is determined individually by reference to an employee's total annual salary or wages, plus gross employer contributions, for the previous tax year ended 31 March. Where an employee was engaged by the employer, part way through the previous tax year, the rate is determined by estimating the employee's total annual salary or wages, plus gross employer contributions for the current tax
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Web page updated on 17 Mar 2025 14:43