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Information Leaflet

No.25 Methodist Stipends and Allowances

Information Leaflets

Kiwisaver

From 1 February 2010, Presbyters in Full Connexion have been unable to become members of the Methodist Church Superannuation Fund and have been enrolled into KiwiSaver. The contribution rates for both Parishes and for presbyters are provided below as a guide based upon what the Law required (both secular and Church Law):

Member Contributions
(Presbyter Contributions)
Yearly Monthly
Full Member - 3.00% $1,834.90 $152.91
Full Member - 4.00% $2,446.54 $203.88
Full Member - 6.00% $3,669.81 $305.82
Full Member - 8.00% $4,893.08 $407.76
Full Member - 10.00% $6,116.35 $509.70

 

Church Contribution - Kiwisaver 7.75% Yearly Monthly
Full Member (7.75%)
  ESCT 30%
  net to fund
$4,740.17
$1,422.05
$3,318.12
$395.01
$118.50
$276.51
Full Member (7.75%)
  ESCT 17.5%
  net to fund
$4,740.17
$  829.53
$3,910.64
$395.01
$ 69.13
$325.89

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