10.5% - 33% - Employer superannuation contribution tax (ESCT)
New Zealand’s minimum wage is NZ$17.70. All employees are to be paid the minimum wage regardless of the number of hours worked.New Zealand’s goal is to increase the minimum wage each year, reaching a minimum wage of NZ$20.00 per hour by 2021.
Paid Time Off
Employee is entitled to 4 weeks of vacation.
They can take these holidays after they have completed a full year of service to their employers. All employers, whether full-time, part-time, permanent, or casual, have the right for the annual leave. Payment during these times are based on employees’ ordinary weekly pay at the time when they take their holidaysortheir average weekly earnings over the 12 months before they go onholidays. The higher of these amounts will be paid.
Unused vacation days will carry over unless the employer specifically asks for the employee to use them. If employees arespecificallyasked togo on vacation,they will not be able to accumulate the unused four weeks.
Employers receive 5 sick days after they have worked for their employer for six months. The employee must work an average of at least 10 hours a week or at least 40 hours a month. Unused sick days can transfer and be accumulated the next year. Employees can take their sick leave not only when they are unwell but also when their spouses or dependents are ill and need to be looked after.
In New Zealand, maternity leave is known as primary carer leave. It is available to expecting mothers, or her spouse or partner if they have all or part of the birth mother's parental leave payments transferred to them.
Primary carer leave can be taken for up to 18 weeks and must be taken in one continuous period. Primary care leave can't be taken if the employee has already taken any period of parental leave or similar leave in relation to that child.
Primary carer leave starts on the due date or the date childbirth starts if the child is born to the employee. In any other case primary carer leave starts on the date that the employee becomes the primary carer in respect of the child. The employee can start their primary carer leave up to six weeks (or earlier with the employer’s consent) before the baby’s due date or the date on which the employee will become the primary carer of the child.
In New Zealand, paternity leave is known as partners leave. Partners leave starts 21 days before the due date, or the date your partner or spouse became the primary carer for a child under six years. Leave ends 21 days after the baby is born (unless the baby is discharged from a hospital more then 21 days after the birth, in which case the partner's leave time frame ends on the day the child is discharged). If agreed upon with employer, partners leave can begin at any time.
Parental leave in New Zealandcovers maternity and paternity leave, andis comprised of primary care leave, special leave, partners leave, extended leave, and negotiated career leave.
- Primary care leave-Parents are given leave after the birth of a child oradoption. This leave can be taken in one continues period of 22 weeks and begins on the child’s due date.
- Special Leave-10 days of unpaid leave are given for pregnancyrelated appointments.
- Partners Leave-A spouse or partner is given one-weekunpaidleave after six months of employment and two weeks of unpaid leave for 12 months of employment. Leave can be taken any time within the period of 21 days before or after the birth.
- Extended LeaveThis is extended unpaid leave given to parents and depends on the amount of time an employee has worked. 52 extra weeks can be taken for a parent who has been employed at least 12 months, and 26 weeks is given to a parent who has been employed at least 6 months.
Full time employment is considered 40 hours a week.
The amount employees are paid for their extra hours is usually determined by employers and specified in the working contract that employees sign. Legally, employers are not obliged to pay employees more than their regular hourly pay, but companies may agree to pay at a time-and-a-half or at a double-time rate for any work done overtime.
GST is 15% standard rate.
The pension plan called Superannuation is paid to citizens and permanent residents at the age of 65 or older. In order to qualify, the person must have lived in the country for a minimum of ten years after the age of 20, five of which were after the age of 50. Superannuation is completely subsidized by the government.
• Employer Contribution – 0%
• Employee Contribution – 0%
Employees may decide to enroll into the KiwiSaver savings plan. If the employee does, the employer and government must match their contributions. Contributions can be decided on and are deducted at a rate of: 3%, 4%, 6%, 8%, or 10%
There is no specified social security tax amount. It is funded through general taxation and benefits include assitnace to elderly, sick, widowed and unemployed.
Salaries are distributed on a monthly basis for work between the first and last day of the month. Payday varies depending on the company and is decided upon hiring, but is most commonly on the 28th of the month.
Employees have the right to request a written reason for dismissal within 60 days of being informed of dissmissal. Employers must provide statement within 14 days of the request. Required notice period is agreed upon in employment contract.
The length of advance notice is mentioned in the employment agreement. Differs for each company. The length of advance notice is mentioned in the employment agreement. Differs for each company.
Severance payments include the hours worked until the final day and any unused annual leave or days in lieu payments. Additional payments are either specified in the employment agreement or negotiated as a part of leaving package.If employees do not receive all components of their payments, they may file a claim for unpaid salary or other breaches of the employment agreement.