Payment
How much will my remediation payment be?
Remediation payments will vary from person to person. You will be notified as soon as we know.
What deductions or contributions will affect my remediation payment?
The remediation payment is part of your gross salary and wage earnings, so it is subject to taxation (PAYE), KiwiSaver superannuation deductions and student loan repayments (if applicable). These deductions will be based on the information provided to us via the portal.
KiwiSaver deductions will only be made if you are an existing member of this scheme. The minimum KiwiSaver employer contribution of 3% will be applied towards your remediation payment if you are a current member of KiwiSaver.
What tax code should I use for my payment?
For advice on which tax code is relevant to you, please refer to page 2 of the Tax Code Declaration Form IR330.
When will my payment be made?
Remediation payments will be calculated after we have verified your information. Once we have confirmed your payment amount, we will let you know how much this is and when the payment will be made.
Will interest be paid on the amount?
No.
Deceased employees/power of attorney
How do I claim on behalf of someone who has died or someone for whom I hold power of attorney?
You will need to verify your identity and that you are authorised to act on behalf of the deceased employee’s estate so that NLC Payroll can validate this information.
Please email the NLC Payroll team in the below contact form the details of the ‘known deceased employee’. They will advise you on the next steps.
Living overseas
I now live overseas. Can my remediation payment be paid into an overseas bank account?
No. If you have received a text message confirming that you are entitled to a remediation payment, you need to have the payment made into a New Zealand bank account.
Calculations
Has child support been deducted from my backpay amount (if applicable)?
Child support has not been deducted from your back payment. You may need to advise IRD that your family income has changed. You can do this at any time online through myIR or you can call IRD on 0800 227 773. The IRD website has a useful factsheet on lump sum payments, e.g. arrears payment IR1046 Getting lump sum payments.
Will my back payment affect my Working for Families entitlements or disability allowance?
Your back payment may affect your Working for Families entitlement or disability allowance for the year ended 31 March 2021. Please refer to www.ird.govt.nz or call IRD on 0800 227 773 if you need further information.