PAYE (Pay As You Earn) is the tax deducted from employees’ wages and paid to the IRD.
Because this tax is taken from employees on behalf of the government, it is not considered the employer’s money. For this reason, IRD treats unpaid PAYE very seriously.
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From 1 April 2026, the KiwiSaver default employee contribution rate will increase from 3% to 3.5%. This change is intended to help boost long-term retirement savings.
However, employees who are not ready for the higher contribution still have the option to temporarily reduce their contribution back to 3% for a period of 3 to 12 months.
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As the new financial year begins, employers need to prepare for another round of minimum wage increases taking effect from 1 April 2026. These updates are part of the government’s ongoing adjustments to support fair wages across the workforce.
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Payroll Changes Coming in 2026 (and Beyond): What New Zealand Employers Need to Know
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Why Cashflow Dips After Christmas (and How to Plan for It)
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The start of a new financial year brings more than just fresh beginnings; it also brings crucial changes to payroll that every New Zealand business owner needs to be aware of. This 1 April 2025, several key adjustments come into effect, impacting your payroll obligations. Let’s break down these changes and understand their implications for your business.
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As a small business owner, you wear many hats. But bookkeeping doesn’t have to be one of them. Hiring a bookkeeper can help you:
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