KiwiSaver changes from a minimum of 2% to a minimum of 3%
But this change does not apply until
the first FULL PAY PERIOD starting in April 2013

 

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.

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)

More Information

If you are using Payroll Pro version 2 click here.

If you are using Payroll Pro version 1 click here.

 

also you can click here for the information on the IRDs Website.