Update KiwiSaver Rates
Form ID: (MP.PP.23.21)
This form lets you update employee KiwiSaver rates to the legislated minimum rate for a financial year. For example, if you choose 2027, it applies the rate legislated for the 2026–2027 financial year.
An employee's rate won't be updated if:
- They have chosen to contribute more than the minimum rate.
- Inland Revenue (IR) have approved their request for a rate reduction.
Form Toolbar
The form toolbar includes standard and form-specific buttons. For the list of standard buttons, see Form Toolbar and More Menu. The form-specific buttons are listed below.
| Button | Description |
|---|---|
| Update Standard Pay | Only updates rates for employees selected in the main table. |
| Update All Standard Pays | Updates rates for all employees. |
Main Table
The main table displays all employees whose Standard Pays need to be updated.
| Element | Description |
|---|---|
| Employee ID | The employee's unique ID code. |
| Employee Name | The employee's full name. |
| Pay Group ID | The identification code of the pay group that the employee's pay relates to. |
| Pay Item ID | The identification code of the pay item. |
| Pay Item Type | The pay item type can be either Employer Super or Employee Super. |
| KiwiSaver Rate | The employee's Kiwisaver rate for the pay item in that row. |
| KiwiSaver Rate Reduction | This checkbox is selected if the employee has a rate reduction from IR. |