New Zealand KiwiSaver Tax Calculator 2022
Calculate retirement savings contributions and ESCT for employees and employers
Introduction
🎯 What
New Zealand KiwiSaver Tax Calculator 2022 estimates KiwiSaver contributions, employer contributions, and applicable tax (ESCT) on contributions according to IRD 2022 guidelines.
👥 Who
Employees enrolled in KiwiSaver, Self-employed individuals contributing voluntarily, Employers calculating contributions, and Accountants.
💡 Why
To accurate compute KiwiSaver contributions, tax on contributions, and ensure compliance with New Zealand KiwiSaver rules.
💼 Income & Employment Details
Percentage of gross salary
💰 Contribution Summary
KiwiSaver Rules 2022
Contribution Rates
- Employee: 3%, 4%, 6%, 8%, or 10% of gross pay.
- Employer: Compulsory minimum 3% of gross pay.
- Self-Employed: Voluntary contributions at any rate.
Tax (ESCT)
Employer contributions are taxed via ESCT based on employee total income.
- $0 - $16,800: 10.5%
- $16,801 - $57,600: 17.5%
- $57,601 - $84,000: 30%
- $84,001 - $216,000: 33%
- $216,001+: 39%
Calculation Examples
Example 1: Standard Employee
Salary: $60,000 | Emp Rate: 3% | Emplr Rate: 3%
Employee: $1,800
Employer: $1,800 (ESCT deducted
separately)
Example 2: Higher Contribution
Salary: $100,000 | Emp Rate: 6%
Employee: $6,000 | Employer (3%): $3,000
Total: $9,000
+ ESCT deduction
Example 3: Self-Employed
Income: $80,000 | Rate: 8%
Voluntary Contribution: $6,400
No employer
contribution.
Frequently Asked Questions
Q: What is KiwiSaver?
A: KiwiSaver is a voluntary savings scheme in New Zealand for retirement.
Q: Who contributes to KiwiSaver?
A: Employees contribute a chosen percentage of gross salary; employers contribute minimum 3%.
Q: What is ESCT?
A: Employer Superannuation Contribution Tax, deducted from employer contributions based on employee income.
Q: Can self-employed individuals contribute?
A: Yes, voluntarily at selected rates.
Q: Is this calculator official?
A: No, it is for informational purposes only.
⚠️ DISCLAIMER: This New Zealand KiwiSaver Tax Calculator 2022 is for informational and educational purposes only. Rates and rules are based on IRD 2022 KiwiSaver guidelines. ANTIGRAVITY does not provide legal, accounting, or financial advice.