Supernumerary Fund Contribution
Presbyters first stationed after 1 February 2010 are not able to join the Superannuation Fund which was closed to new members on 31 January 2010.
Presbyters stationed after 1 February 2010 and not able to join the Superannuation Fund will be eligible for:
- Death in Service Life cover equivalent to 2 ½ times the standard stipend.
- Kiwi Saver employer contribution approximately 7.75% of stipend. Non-stipended Presbyters do not receive Kiwi Saver contributions.
When a Presbyter reaches the age of eligibility for National Superannuation and is a KiwiSaver contributor, then so long as the Presbyter continues to make employee contributions, then the Church will continue to make Church contributions until the end of that Connexional Year (i.e. the next 31 January). After this date, the Church will not make further contributions.
The cost to the parish is equivalent to the Superannuation Fund subsidy and is not an additional charge. Parishes will be charged the appropriate Church Contribution set out below.
If the Presbyter opts out of Kiwi Saver there is no cash benefit to the Presbyter or the parish. Any residual funds are paid into the Supernumerary Fund.
Contributions from 1 July 2023
| Member Contribution | Annual $ |
Monthly $ |
| (a) Full Member (7.5%) | 4,368.82 | 364.07 |
| or | ||
| (b) Fifty percent Member (3.75%) | 2,184.41 | 182.03 |
| Church Contribution | Annual $ |
Monthly $ |
| (a) Full Member (10%) Less Withholding Tax (30%) Net payment to Fund |
5,825.09 1,747.53 4,077.56 |
485.42 145.63 339.80 |
| or | ||
| (b) Full Member (10%) Less Withholding Tax (17.5%) Net payment to Fund |
5,825.09 |
485.42 84.95 400.47 |
| or | ||
| (c) Fifty percent Member (5%) Less Withholding Tax (17.5%) Net payment to Fund |
2,716.42 509.70 2,402.85 |
242.71 42.47 200.24 |
| or | ||
| (d) Nominal Member (2%) Less Withholding Tax (17.5%) Net payment to Fund |
1,165.02 203.88 961.14 |
97.08 16.99 80.09 |
Please note that the above ESCT rates are indicative as the payroll system will adjust the ESCT rate automatically based upon actual payroll calculations.
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Where contributions to the Supernumerary Fund are collected from Parishes using the Direct Debit facilities (this includes Parishes that are not part of the Connexional Payroll System) the amounts will be charged to your Parish Bank account on the 15th of each month, commencing on Thursday 15 July 2023. This Information Leaflet constitutes formal notification in terms of the Direct Debit Authority. Parishes without a stationed appointment can utilise the free Connexional Payroll service for the payment of the gross parish supernumerary fund contribution which includes the calculation and payment of ESCT to IRD. The ESCT deduction for Presbyters/ministers in other Christian denominations may have ESCT deducted at $0.30 rather than $0.175. PLEASE CHECK WITH THEM |