HR Payroll - New Zealand

A ready New Zealand salary structure on the EH payroll engine:

• PAYE computed on progressive marginal tax brackets (the income is annualised, taxed bracket by bracket, then divided back to the pay period), which is how PAYE differs from the Australian coefficient method.
• ACC earner levy as a flat percentage of liable earnings, capped at the maximum liable income.
• KiwiSaver employer contribution at the configured rate.

The PAYE brackets are DATA on eh.hr.paye.bracket and the ACC levy rate and cap are company settings: a template is seeded, but you must confirm the thresholds, the marginal rates, the ACC rate and the maximum liable income against the current Inland Revenue and ACC figures for the relevant tax year, since they are revised. The METHOD here is fixed; the rate tables are yours to keep current.

Sources: Inland Revenue (IRD) PAYE tax tables and income tax rates; ACC earners' levy rates and maximum liable earnings; KiwiSaver Act 2006. All public.