Any salaried employees’ earnings around $44K per annum should be reviewed. Employees must be paid at least the minimum hourly wage rate for every hour worked.

($44,096 / 52 weeks / $21.20 per hour = 40 maximum working hours)

Remember to update all employee net pay automatic payments.

Remember to update all AP’s of employees with Student Loan deductions.

Check your payroll software or check the calculations through the PAYE Calculator and update the filing period to 31 March 2023. The IR online calculators will be updated late March/early April.

To calculate the income used for the rate:

Total Gross Earnings + Employer KiwiSaver contribution in the last 12 months

A living wage is the income necessary to provide employees and their families with the basic necessities of life, enabling them to live with dignity and to participate as active citizens in society.