Common Question:
It is April 2013, but KiwiSaver has not changed from 2% to 3% - why is this?

The minimum of 3% applies for the first FULL PAY PERIOD starting in April.

This means for a pay period starting in March and ending in April, 2% is still the minimum.
For a pay period starting in April, 3% is the minimum.

For the information about this on the IRDs Website, Click Here

Here is an example:
The pay period for ABC Co Ltd starts 28 Mar 2013 and ends 3 April 2013.
The minimum for KiwiSaver for this pay period is 2%.
The next pay period for ABC Co Ltd starts on 4 April, so it is in this pay period and subsequent that the minimum of 3% applies.

(This is different to tax rate changes which apply from the first pay period ending in April of any year)

Monthly Pays
If your Pay Period End Date is 30 April then Payroll Pro will assume this is a full monthly pay from 1 April to 30 April, and will use the minimum of 3%.
If the Pay Period End Date is 29 April or earlier, then Payroll Pro will use 2% for the pay period, and then will use the minimum of 3% for the next pay period.

 

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You can force the 3% minimum to be used earlier:
HOWEVER you can force the 3% to start any time by changing the percentage from 2% to 3% as follows:

 

(1) Make sure you are in the "Enter Current Pay" option

 

(2) On the "payslip" tab, click the "KiwiSaver Employee Contr"

 

(3) The KiwiSaver information will appear. Change the 2% to 3%. If any employee is already on 3%, 4% or more, you will not change that figure.

 

(4) Once you have entered the percentages, click Close.

 

(Alternatively, you can also make the change under "Add & Edit Employees". You will need to temporarily set the employee as "Not ready to be paid" to make the change in "Add & Edit Employees".)