Your employee can ask you to change the rate you use to deduct KiwiSaver from their pay. They cannot change it more than once every three months unless you agree.
Employee gives you a KiwiSaver deduction - KS2
The KS2 tells you the updated rate your employee wants you to use to deduct KiwiSaver from their pay.
It can be be either 3%, 4%, 6%, 8% or 10% of their gross pay.
Place the KS2 on file
You do not need to send the KS2 to us. Keep it on file with your KiwiSaver records.
Make the rate change
Make the rate change and apply it from your employee’s next pay.
Your employee does not have to use the KS2 to change their rate. They can also ask you to change their deduction rate in writing, eg email.
Make sure you keep a copy for your records.
