Skip to main content

Personnel costs are recognised as an expense in the period to which they relate.

Obligations for contributions to the Inland Revenue Superannuation Scheme, State Sector Retirement Savings Scheme, KiwiSaver and Government Superannuation Fund are accounted for as defined contribution schemes. These obligations are expensed.

Personnel costs were $38.648 million lower than budget. The variance is primarily due to delays in recruiting in the tight labour market, a lower amount of transformation-related termination benefits as more staff were retained, more cost-effective training and development activities delivered in-house and online, and the reversal of retiring leave for employees who have left Inland Revenue as part of transformation.

Last updated: 22 Aug 2022
Jump back to the top of the page