On 1st July 2020, the maximum weekly rate of parental leave payments increased to $606.46 per week before tax including PAYE tax, Student Loan, Child Support or KiwiSaver payments.
From 1st July 2020 paid parental leave increased to 26 weeks from 22 weeks.
Leave without pay reminders
An employee can take leave without pay if their employer agrees and here are some reminders:
- The agreement to allow leave without pay should be recorded in writing
- Watch out if they take leave of more than one week – you need to agree on the impact on their anniversary date
- Implications on Public Holidays, bereavement leave, alternative holidays, and sick leave during leave without pay
Check out: https://www.employment.govt.nz/leave-and-holidays/other-types-of-leave/leave-without-pay/
Different types of minimum wage rates
There are three different types of minimum wages rates: adults, starting-out and training. For details on each rate check out: https://www.employment.govt.nz/hours-and-wages/pay/minimum-wage/different-types-of-minimum-wage-rates/
Employing school-age workers
There is no minimum wage for employees under 16 years of age. If you employ under-16s you must not let their work get in the way of attending school. https://www.business.govt.nz/hiring-and-managing/hiring-people/minimum-pay-rules/
Kilometre Rate for business use of vehicles – unchanged due COVID
The IR Commissioner recently announced that the rates for calculating the kilometre rates for using your vehicle for business purposes will remain at the 2018-2019 rates. The two-tier rates start at 79c per kilometre for the business portion of the first 14,000 kilometres travelled by the vehicle in a year and can be used when reimbursing an employee.
For full details check out: https://www.ird.govt.nz/income-tax/income-tax-for-businesses-and-organisations/types-of-business-expenses/claiming-vehicle-expenses/kilometre-rates-2019-2020-to-current-income-year
Payroll team at Accounted4
Anne Bland - Work days Tuesday to Friday 9am to 5.30pm
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Carolyn Lawrence - Work days Monday to Friday 8.30am to 5pm
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Kate Crookston - Work days Mondays, Tuesdays, and Fridays 9am to 2.30pm
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