KiwiSaver reversals and refunds
This procedure removes the KiwiSaver contributions from the PAYE Employer Deductions IR345, and the Employer Monthly Schedule IR348, so they are not paid to the IRD.
Refunds can only be done in Ace Payroll if the contribution has not already been paid to Inland Revenue.
Any contributions that are sent to Inland Revenue before the employee opts out will be automatically repaid by Inland Revenue. In that case, you don’t need to do anything.
This process is only possible for the first 2-3 weeks of employment for each employee. After that time the Reverse button will not be shown.
From the front screen, click Employee F3 > KiwiSaver.
Select an employee from the drop down menu.
Click Reverse.
