How To Fix 3E462 - Kiwisaver fund is valid only after 01.07.2007.

SAP Error Message - Details

• Message type: E = Error

• Message class: 3E - Vorgesehen für neue Länderentwicklungen HR

• Message number: 462

• Message text: Kiwisaver fund is valid only after 01.07.2007.

Self-Explanatory Message

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Smart SAP Assistant

• What is the cause and solution for SAP error message 3E462 - Kiwisaver fund is valid only after 01.07.2007. ?

  The SAP error message "3E462 Kiwisaver fund is valid only after 01.07.2007" typically relates to the KiwiSaver program in New Zealand, which is a retirement savings initiative. This error indicates that the system is trying to process a KiwiSaver fund that is not valid because it was established before the official start date of the KiwiSaver program.
  Cause:
  
  Invalid Fund Date: The fund being referenced in the transaction is set up with a start date prior to July 1, 2007, which is when the KiwiSaver program officially began.
  Configuration Issues: There may be incorrect configuration settings in the SAP system regarding the KiwiSaver funds.
  Data Entry Error: The user may have entered an incorrect fund or date in the system.
  
  Solution:
  
  Check Fund Validity: Verify that the fund being used is indeed a KiwiSaver fund and that it was established after July 1, 2007. If it was established before this date, it cannot be processed as a KiwiSaver fund.
  Update Fund Information: If the fund is valid but incorrectly configured, update the fund details in the SAP system to reflect the correct start date.
  Consult Configuration Settings: Review the configuration settings in the SAP system related to KiwiSaver funds to ensure they are set up correctly.
  User Training: Ensure that users entering data into the system are trained on the correct procedures for handling KiwiSaver funds to avoid data entry errors.
  
  Related Information:
  
  KiwiSaver Program: Launched in New Zealand on July 1, 2007, the KiwiSaver program is designed to encourage saving for retirement. It includes various funds that individuals can contribute to, and employers are also required to contribute.
  SAP Configuration: The configuration for handling payroll and retirement funds in SAP may require specific settings to accommodate local regulations and programs like KiwiSaver.
  Documentation: Refer to SAP documentation or consult with your SAP support team for detailed guidance on handling specific error messages and configuring retirement funds.
  
  If the issue persists after checking the above points, it may be beneficial to reach out to your SAP support team or a consultant who specializes in SAP payroll and local compliance issues.