Answer
The payslip shows pay-period totals at the top and year-to-date (YTD) totals at the bottom. The YTD figures sum every completed pay for the employee in the current tax year and help reconcile against Inland Revenue records.
What the YTD section shows
- Gross earnings: total taxable pay before deductions.
- PAYE: tax deducted, including ACC earner levy.
- Student loan: repayments deducted under the SL code, if any.
- KiwiSaver employee contribution: employee deductions.
- KiwiSaver employer contribution: employer contributions before ESCT.
- ESCT: tax on employer KiwiSaver contributions.
- Net pay: after all deductions.
- Leave balances: current balances for annual holidays, sick leave, and alternative holidays.
Tax year boundary
The NZ tax year runs from 1 April to 31 March. YTD totals reset on the first pay with a pay date on or after 1 April. Migrated employees include any opening YTD totals entered at setup.
Reconciling with Inland Revenue
The YTD gross, PAYE, and KiwiSaver figures on the payslip should match the totals filed in Employment Information for the same period. If they do not, check whether any pays have been amended without resubmitting an EI amendment.
