How to opt into KiwiSaver for Torpedo7?
How to opt into KiwiSaver for Torpedo7?
- Existing team members no longer enrolled in KiwiSaver can voluntarily ‘opt in’ to KiwiSaver, by filling a KS2 “Kiwi Saver Deduction Form” accessible from kiwisaver.govt.nz. Scan completed form to: askpeoplesupport@twgroup.co.nz
All new team members (that are eligible to join KiwiSaver*) are automatically enrolled. However, they have the option to ‘opt out’ between week 2 and week 8 of employment. If you wish to opt out within the first 2 months, please fill out the KS10 “New Employee Opt Out Request” Form accessible from kiwisaver.govt.nz, and forward to the IRD, as per form instructions.
You can choose which fund provider you wish to invest your contributions with. You must contact the alternative provider directly to set this up.
Team members will choose to contribute either 3%,4% or 8% of their regular pay (gross earnings). This is deducted from the employee’s pay and forwarded to IRD, who in turn forward it to the employee’s nominated fund manager (or the Company’s preferred fund manager). If you do not select a fund provider, IRD will allocate you to a default scheme.
- For general information on KiwiSaver, employees can visit the Government website ww.ird.govt.nz/kiwisaver, or the Retirement Commission website www.sorted.org.nz
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