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The taxable value of the benefit allowance is the difference between:

  • the market value of the allowance provided
  • any amount the employee pays.

For each pay period there is an allowance, you add the taxable value of the allowance to your employee's pay. PAYE is then deducted from the total.

Include this in the gross earnings when you complete your employment information.

Child support or student loan deductions are assessed on the employee's gross earnings, so this includes the taxable value of any benefit allowances. KiwiSaver is calculated on the employee's gross earnings excluding any benefit allowances.

To work out the taxable value of benefit allowances paid to your employees, use the link below.