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[Tax Management NZ Newsletter – March 2010]
2009 Year End Transfers
All Tax TRANSFERS/ALLOCATIONS must be completed within 60 days of your Terminal Date. Transfers can be requested online or send through an email to admin@tmnz.co.nz
Overpaid for 2009?
We can sell your overpayments of tax now and get you up to 2.5% more credit interest than the IRD rate. We have steady demand right through the year and now is a good time to sell. We have a sales run at the end of every month. If you need the funds faster than that we can always arrange a refund with IRD interest, typically within 2-3 working days.
2010 Smooth out the payments with Tax SWAPS
We have nearly reached the end of the 2010 financial year for most tax payers and while final tax positions are not yet known you probably already have a feeling for whether you are over or underpaid for the year.
The good news is regardless of whether you are over or under, or your payments are just in the wrong place we can help improve the refund or reduce the cost as the case may be.
Payments at the wrong dates for 2010?
If you have paid the right amount overall but it is not evenly spread we can help. The size of our Tax Pool operation means we are almost certain to have other members with an opposite profile to yourself. We then bring you together and swap the over and under payments between you for maximum advantage.
If you are in this situation, please give us an indication of your likely requirements so we can start working on a solution for you (these swaps often take time to arrange as multiple parties are involved).
ICA Account Balances
If you need to deposit tax prior to 31 March 2010 to bring your ICA account into credit these deposits can also be made to your tax pool account. Please contact us to discuss if you are in this position.