KiwiSaver updates
Ahead of the 1 April changes, we've made some early changes for KiwiSaver. You'll now see 3.5% available as both an employee and employer contribution rate. There's also a new checkbox to apply the temporary employer contribution reduction if that applies to your employee. We've also updated the age eligibility settings to reflect the extended range coming into effect, which now includes 16 and 17 year olds.
Further changes will be made before 1 April.
PayNow calculations
We've made updates to how PayNow limits are calculated.
Open banking migration
We've made some changes to support the new Akahu requirements head of the open banking deadlines for ASB, ANZ, BNZ and Westpac.
Minimum wage top-up
Minimum wage top-up calculations have been updated to reflect the new $23.95/hr rate taking effect 1 April.