The End of Year (EOY) for New Zealand (NZ) falls on 31 March each year.
There is no annual reporting required as Payday Filing is used to generate payday files to the IRD each pay.
Use the following checklist as a guide for your EOY procedures for NZ:
Note: There will be no upgrade for New Zealand financial year 26/27, there will be a Tax PDL to upload and manual KiwiSaver updates to be made.
ACTION | PATH |
Complete final Pays for March |
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Generate final Employee Details (ED) and Employment Information (EI) payday files. | As per business needs. |
Perform a backup of the database prior to NZ tax table update. | Close WageEasy and Select YES to backup |
Run the New Zealand Tax.pdl Update for the new year. | |
Perform a backup of the database after NZ tax table update, before KiwiSaver changes. | Close WageEasy and Select YES to backup |
Update KiwiSaver from 3.0 to 3.5 effective: 1st of April, 2026. | |
Perform a backup of the database after NZ tax table update and KiwiSaver updates 26/27. | Close WageEasy and Select YES to backup |
Check Main Income Tax Table effective date is 01/04 of the current year |
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Update ESCT Threshold values on the Employee records as necessary | You can run HR, User Defined Queries, New Zealand ESCT PCT BY Emp. This will show current ESCT for each employee so that you may then identify which employees need to be updated. When you have identified required changes, go to the relevant Employee File, Payments, Superannuation, Edit the [Award] Employer (Award) Kiwi Saver Record |
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