1. Australia / New Zealand Payroll Implementation Guide
  2. Entering Student Loan Information for Employees

Entering Student Loan Information for Employees

Access the Work With New Zealand Employee Tax Overrides form, and click Add.

Complete the fields in the header of the form to specify when this tax override record becomes effective.

Select the Student Loan? option to enable the fields in the Student Loan Options section of the form, and then complete the following steps:

  1. To lower the student loan calculation, select the Percent option in the Student Loan Overrides section of the form, and then specify the percentage.

  2. Enter the dates during which the student loan override is effective. The Effective From Date value must be greater than or equal to the effective date in the header of the form.

  3. To include the threshold when calculating the override amount, select the Include Threshold In Override option. This option is automatically selected for all tax scales beginning with M (primary job), and deselected for tax scales beginning with S (secondary job). You can manually select or deselect this option if you want to change the default setting.

  4. To specify a commissioner's deduction, select the SLCIR Percent option in the Student Loan Commissioner's Deduction (SLCIR) section of the form, and then specify the related percentage. Note that for deductions entered here for a primary job (tax scales beginning with M), the system always uses the threshold to calculate the deduction amount. When entering deductions for a secondary job (tax scales beginning with S), the system never uses the threshold.

  5. Enter the dates during which the deduction is effective. The Effective From Date value must be greater than or equal to the effective date in the header of the form.

  6. To specify an additional voluntary deduction, select one of these options in the Student Loan Voluntary Deduction (SLBOR) section of the form, and then specify the related percent or amount:

    • SLBOR Percent

    • SLBOR Amount

  7. Enter the dates during which the additional voluntary deduction is effective. The Effective From Date value must be greater than or equal to the effective date in the header of the form.

  8. Click OK to save your changes.