Tax and Social Security Management

All income derived from work performed in New Zealand is subject to tax payment, regardless of payment location based on a PAYE requirement. We shall deduct the respective tax amount each month accordingly and subsequently paid monthly to the New Zealand Tax Office.

Ordinary time earnings (OTE) attract an employer social security premium of generally 5% (Consultant has the option to opt out of KiwiSaver scheme). OTEs are usually the amount earned for ordinary hours of work which includes commissions, shift loadings and allowances but not overtime payments. Employee premium contribution is around 4%.