Updated the Accident Compensation Corporation (ACC) Earners' Levy rates for 2025-2026, effective 1 April 2025. | |
Updated Dayforce with new Employer Superannuation Contribution Tax (ESCT) thresholds for 2025-2026, effective 1 April 2025. | |
Created a new tax and compliance rule (NZL Termination) in Dayforce for taxation of extra pay (lump sum) when employment ends. With this update, the annualised amount is based on PAYE income payments made in the last two pay periods preceding the pay period when the extra pay is paid. Previously, PAYE income payments were based on payments received over the last four weeks. Also, the existing tax and compliance rules for extra pay (lump sum) were updated to the new annualised salary calculation (NZL Retirement and Redundancy) and a new description (NZL Other Extra Pay) to avoid confusion. |