KiwiSaver and PAYE: How They Work Together
For New Zealanders, KiwiSaver is a cornerstone of retirement planning, offering a structured way to save with contributions from employees, employers, and the government. Meanwhile, PAYE (Pay As You Earn) is the system that ensures income tax is deducted from your wages. A common question is whether KiwiSaver contributions reduce your taxable income, thereby lowering…