There are a number of things changing from April 1. You should check that  your payroll system has been updated for all of the following issues:


Minimum wage:
The minimum wage will increase from $13.50 to $13.75 per hour.  Training and new entrants’ minimum wages will increase from $10.80 to $11.00 per hour. 
Student loans and allowances:
The repayment rate for student loan deductions increases from 10 to 12 cents per dollar earned over the current threshold of $19,084 per annum.  In addition, the voluntary repayment bonus is removed for extra repayments made after 1 April 2013 on loan obligations for the 2014 tax year onwards.
KiwiSaver:
The minimum contribution rate for employers and employees will rise to 3% from 1 April 2013.  Note employer contributions for employees under the age of 18 are not compulsory.
Primary and Secondary School Children:
A reminder that from 1 April 2013 PAYE must be deducted from payments of salary/wages or schedular payments to school children.
If you are still doing payroll by hand or using a spreadsheet – I highly recommend moving to an online payroll service.  The cost is negligible and the time savings and stress reduction will be huge!  Contact us for more information.

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