RRRF Additional Payment
Additional payments
Additional payments are paid as RRRF payments through Novopay. They will be paid as part of your taxable salary fortnightly. The payments must be spread over at least 2 pay periods and will incur PAYE deductions along with KiwiSaver and any other Superannuation deductions applicable to your salary. RRRF payments receive holiday pay, as such the payments will be paid as a portion as a RRRF and the remaining as HPRRRF (holiday pay for RRRF). The holiday pay will either be paid at the end of the RRRF period stated or most likely at the next available holiday period. Please see below for examples of how additional payments will be paid for $600, $300 and $150 amounts.
$600 additional payment = Total paid $602.74
$461.54 RRRF = 42 days 20/7 – 30/8
$138.46 HPRRRF = 13 days 29/9 – 11/10
Paid over approx. 3.9 pay periods, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $393.28 nett total.
$300 additional payment = Total paid $306.85
$230.77 RRRF = 22 days 20/7 – 10/8
$69.24 HPRRRF = 6 days 6/10 – 11/10
Paid over approx. 2 pay periods, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $201.68 nett total.
$150 additional payment = Total paid $153.43
$115.39 RRRF = 11 days 20/7 – 30/7
$34.61 HPRRRF = 3 days 9/10 – 11/10
Paid over approx. 1 pay period, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $100.84 nett total.
Additional payments are paid as RRRF payments through Novopay. They will be paid as part of your taxable salary fortnightly. The payments must be spread over at least 2 pay periods and will incur PAYE deductions along with KiwiSaver and any other Superannuation deductions applicable to your salary. RRRF payments receive holiday pay, as such the payments will be paid as a portion as a RRRF and the remaining as HPRRRF (holiday pay for RRRF). The holiday pay will either be paid at the end of the RRRF period stated or most likely at the next available holiday period. Please see below for examples of how additional payments will be paid for $600, $300 and $150 amounts.
$600 additional payment = Total paid $602.74
$461.54 RRRF = 42 days 20/7 – 30/8
$138.46 HPRRRF = 13 days 29/9 – 11/10
Paid over approx. 3.9 pay periods, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $393.28 nett total.
$300 additional payment = Total paid $306.85
$230.77 RRRF = 22 days 20/7 – 10/8
$69.24 HPRRRF = 6 days 6/10 – 11/10
Paid over approx. 2 pay periods, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $201.68 nett total.
$150 additional payment = Total paid $153.43
$115.39 RRRF = 11 days 20/7 – 30/7
$34.61 HPRRRF = 3 days 9/10 – 11/10
Paid over approx. 1 pay period, employee on top of scale M tax code and no KiwiSaver or other Superannuation will receive approx. $100.84 nett total.