As of the 1st of April 2013, New Zealand will begin the 2013/2014 financial year. The following changes have been provided directly from Inland Revenue for the new financial year:
KiwiSaver contribution increase
The minimum contribution rate for employers and employees will increase from 2% to 3%, effective 1 April 2013. The rate change will also apply to employees who belong to a complying fund.
ML and ML SL tax codes can no longer be used
If any employees are using either the ML or MLSL tax code, deduct PAYE using the M or M SL rates from 1 April, unless they give you a new Tax code declaration (IR 330).
Student loan repayment rate change
The repayment rate for standard student loan deductions will increase from 10 cents to 12 cents.
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