2025.01 release notes - NZ
The 2025.01 release makes MYOB Exo Employer Services NZ compliant with the tax updates for the 2025–2026 financial year.
Installing your upgrade
Tax updates
MYOB Exo Employer Services NZ applies the following changes from your first pay with a payment date on or after 1 April 2025.
ACC earner levy changes
We've updated the ACC earner levy rates and thresholds for the 2025-26 financial year.
| New value for 2025-26 | 2024-25 |
|---|---|---|
Rate | $1.67 | $1.6 |
Maximum ACC earner levy | $2,551.59 | $2,276.52 |
Max. liable earnings threshold | $152,790 | $142,283 |
ESCT threshold changes
We've updated the employer superannuation contribution tax thresholds for the 2025-26 financial year.
ESCT rate threshold amount | 2025-26 threshold |
|---|---|
0 - $18,720 | 10.5% |
$18,721 - $64,200 | 17.5% |
$64,201 - $93,720 | 30% |
$93,721 – $216,000 | 33% |
$216,001 upwards | 39% |
Extra pay tax threshold changes
We’ve updated the extra payments thresholds which apply from 1 April 2025.
Extra Pay threshold | 2025-26 tax rate |
|---|---|
$0 - $15,600 | 10.5% |
$15,601 - $53,500 | 17.5% |
$53,501 - $78,100 | 30% |
$78,101 - $180,000 | 33% |
$180,001 upwards | 39% |
FBT rates changes
We’ve updated the fringe benefit tax (FBT) thresholds which apply from 1 April 2025.
2024-25 all-inclusive pay range | 2025-26 all-inclusive pay range | FBT tax rate |
|---|---|---|
From $1 to $12,530 | $0 - $13,962 | 11.73% |
$12,531 to $40,580 | $13,963 - $45,230 | 21.21% |
$40,581 to $55,980 | $45,231 - $62,450 | 42.86% |
$55,981 to $129,680 | $62,451 - $130,723 | 49.25% |
$129,681 upwards | $130,724 upwards | 63.93% |
Taxation of extra pay when employment ends
From 1 April 2025, the annualised amount will now be based on the PAYE income payments for the last two paid pay periods preceding the pay period the extra pay is paid in.
Previously, the annualised amount was based on the PAYE income payments received over the last four weeks.
Student loan threshold
There are no changes to student loan tax for the 2025-26 tax year.
New features
Preventing payslips being created for multiple payrolls at once
This feature was originally introduced in service pack 1 for version 2024.2.
There was an issue that could affect companies with Exo Payroll installed in multiple folders – e.g. different folders for NZ payroll and AU payroll. Creating payslips for multiple payrolls at once could cause an employee to receive another employee’s payslip.
To resolve the issue, we’ve added a new checkbox: Prevent users creating payslips for multiple payrolls at once. If you have multiple payrolls, you need to select this checkbox for all payroll companies.
If a user tries creating payslips for one payroll while payslips are already being created for another, they get a message to wait until the first lot of payslips are finished.
For New Zealand companies, the checkbox is on the Special Options Setup screen.
For Australian companies, the checkbox is on the Other tab of the Setup Payroll screen.
We’ve also added the option to choose a Lock file location. The lock file is what Exo Payroll uses to prevent payslips being created for multiple payrolls at once.
If you don’t choose a location, a folder is created automatically the next time a user creates payslips.