If you have an employee who has decided to Opt Out of KiwiSaver and you need to remove both Employer and Employee Contributions from the employee record, follow the steps below.
Set up a new award
Firstly, you are advised to set up a new award, this can be done by copying the existing award; you can find more information by clicking on How do I modify an award?
In the new award, you will then need to change the Superannuation % from 3% to 0.00%, to do this:
Go to Awards, select the newly created award, and Edit.
Go to Payments, Superannuation.
In the box for Superannuation% %, highlight and change to 0.00.
Click Close, Close.
Apply the new award to the Employee
You will then apply this newly created award to the employee who has requested to Opt out of KiwiSaver.
Go to Employee, select the employee, Employment, Employment, and Change Award.
While in the employee, go to Payments, Superannuation.
Tick Contribution Holiday.
Highlight Employee Contribution, Edit and change the amount to 0.00.
Highlight Employer Contribution, Edit and complete the Opt Out notice Date and Late Opt Out Reason: if known, OK, Close.