Are YOU paying too much tax?

Brian from New Lynn

If you have recently started getting your NZ Super, you will need to make sure you have used the correct tax code. If not, you could be paying too much tax. If NZ Super is your only source of income, you should be on the “M” tax code, but there are other tax codes that could apply to you. To find out what your current tax code is, please visit Inland Revenue at www.ird.govt.nz... and search ‘work out my tax code’. You’ll need to contact Work and Income if you need to change your tax code, eg, if you stop working, so they can pay you the right amount of NZ Super or Veteran’s Pension. To do this, you will need to complete a Tax code declaration (IR330) from Inland Revenue (you can do this online at www.ird.govt.nz...) and then print it off and drop it off to reception at your Work and Income local service centre, or post it to your local service centre. To find out more about changing your tax code for NZ Super and Veteran’s Pension go to www.workandincome.govt.nz...
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