Use your tax payments as a line of credit
In need of flexible, affordable financing? You can draw down against your tax deposits as a business line of credit. No need to deal with the headache of a business loan application, bank conversations, credit checks or IRD paperwork. Just think of it as being like a revolving credit facility without any other security required.
Use your tax payments as a line of credit
In need of flexible, affordable financing? You can draw down against your tax deposits as a line of credit without the headache of a loan application, conversation with a bank, credit checks or IRD paperwork. Just think of it as being like a revolving credit facility, without any other security required.
Draw from your existing tax deposits whenever you need cash. Funds arrive in your account within 3-5 business days with minimal paperwork.
Why let your tax payments sit idle? Use them as a line of credit for affordable financing at significantly lower interest rates than traditional business loans.
Unlike banks and other lenders, we don’t charge establishment or monthly line fees. You only pay interest for the time you use the funds – simple and transparent.
Draw from your existing tax deposits whenever you need cash. Funds arrive in your account within 3-5 business days with minimal paperwork.
Why let your tax payments sit idle? Use them as a line of credit for affordable financing at rates much lower than traditional business loans.
Unlike banks, we don’t charge establishment or line fees. You only pay interest for the time you use the funds – simple and transparent.
How it works
Access funds in four simple steps
- Contact us – get in touch with our team or ask your accountant to speak with us
- Easy application – tell us how much you need (set credit limit up to the amount of tax deposits you hold) and for how long – minimal paperwork required
- Quick approval – we calculate your borrower rate and finalise drawdown terms – no credit checks needed
- Receive funds – Money lands in your account within 3-5 business days provided AML requirements are met
Have funds in another tax pool? No worries. You can request a transfer of your tax deposits from another pool to us and start accessing Tax Drawdown for your line of credit immediately.
Why choose Tax Drawdown?
A smarter alternative to banks and other financial institutions.
Whether you need to borrow money to make a capital investment, buy stock, or simply improve your cash position, Tax Drawdown acts as a flexible loan for your business.
- Access funds without lengthy applications to banks and lenders
- No credit history checks or security required
- Keep your original tax deposit date with IR
- Apply multiple times throughout the year
- Flexibility to borrow from 4 weeks to 60 days after your terminal tax date
- Perfect for seasonal cash flow needs
- Support business growth and investment
- Credit limit as high as your existing tax deposits
- No high fees, just the drawdown repayment and interest
Lower interest rates, better than the banks
Compare Tax Drawdown with traditional financing options. Our competitive interest rates are much closer to home loan rates than typical business overdraft rates – saving you thousands.
TMNZ
ANZ
ASB
BNZ
Westpac
*Source: Interest.co.nz, based on the maximum business overdraft rates at 11 June 2025.
"It's really useful for businesses that need to make a capital investment, buy stock, or simply position themselves for the rest of the year. People can use our tax pool to their advantage and it's so easy to do, with interest costs limited to the time they're using the funds."
– Kathleen Payne, Head of Advisor Relationships, TMNZ
Ready to access your tax funds?
Learn more about how our Tax Drawdown line of credit option can help your business.
We’ll connect you with one of our experts for a solution tailored to you.