Tax Management NZ

[How can I find out more information about TMNZ?]

TMNZ can arrange a seminar or presentation on request. Contact us for further information.

[Is TMNZ approved by Inland Revenue?]

Yes. TMNZ is listed on the Inland Revenue's website and we were the first tax pooling intermediary to be approved by them. The TMNZ Tax Account was established in April 2003 and is operated under the Income Tax Act 2007.

[How long has TMNZ been in business?]

TMNZ has been providing tax pooling services to New Zealanders since April 2003.

[How much does Tax FINANCE cost?]

Charges vary typically between 6.0% and 9.0% per annum. The minimum Tax FINANCE amount is $5,000 and the costs decrease as the option amount increases. Click here to obtain a quote.

[Are there any establishment fees or other charges?]

No.

[How do I know my payments will be secure?]

Custodial trustee services for the TMNZ Tax Pool are provided by The New Zealand Guardian Trust Company Limited (Guardian Trust). With origins dating back to 1882, Guardian Trust is a leading trustee, financial adviser and asset manager.

Guardian Trust

• Holds the TMNZ Tax Account at Inland Revenue;
• Authorises all payments; and
• Authorises all transfers to taxpayer accounts at Inland Revenue

[How does tax pooling work?]

Tax pooling brings together over-payers and under-payers of provisional tax in a mutually beneficial way.

[Why did the IRD set up tax pooling?]

Provisional tax pooling has been introduced to reduce taxpayers' concerns and costs in calculating their provisional tax and the resulting exposure to use-of-money interest (UOMI).

[What does ‘Inland Revenue approved’ mean?]

‘Inland Revenue approved’ means that the Inland Revenue is satisfied our systems and processes are sufficient to enable us to operate the account correctly. However the operation of the account is not subject to the Commissioner’s oversight or audit.