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Contributions holiday process
Your contributions holiday begins on the date Inland Revenue approves it.
You'll receive a contributions holiday notice confirming the start and end dates for your contributions holiday - you need to keep this notice.
If you've lost your contributions holiday notice, deductions are required until you get a replacement letter from Inland Revenue. Any deductions made during this period won't be automatically refunded - you'll need to contact Inland Revenue if you want them to be refunded.
Notifying your employers
If you nominate your employer(s) when you apply for a contributions holiday, Inland Revenue will notify them to stop:
deductions from your pay, and
employer contributions.
If you don't nominate your employers or have more than 3 employers, you'll need to show all of them your contributions holiday notice.
Changing jobs during your contributions holiday
If you change jobs during your contributions holiday, you'll need to show your new employer your contributions holiday notice.
When your contributions holiday is nearly over
When your contributions holiday has one month left to run:
Inland Revenue will send you a reminder
you can apply for another contributions holiday, if you need one.
When your contributions holiday expires
When your contributions holiday expires, Inland Revenue will ask your employer(s) to resume:
deducting KiwiSaver contributions from your pay
making employer contributions.
http://www.kiwisaver.govt.nz/alr ... day/ks-process.html |
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