Trusts and partnerships

If your business is run through a trust or you're a working partner of a partnership, special rules apply.

You'll be considered an employee for KiwiSaver purposes, and have contributions deducted from your pay at your chosen rate, if:

  • your business is run through a trust or a company and you're paid a salary or wage from which PAYE is deducted, or
  • you're a working partner of a partnership which pays you a salary or wage for services provided under a written contract of service.

In these cases, you can join KiwiSaver either by:

  • choosing a KiwiSaver provider and applying directly, or
  • giving your payroll a KiwiSaver deduction form (KS2) - in which case Inland Revenue will allocate you to a scheme.

You may also be entitled to an employer contribution.

If you're a shareholder-employee you should get advice to determine whether your remuneration is subject to PAYE.