Want to maximise overpayments and earn more interest?
Some taxpayers overpay tax during earlier provisional tax dates to reduce their risk. Tax sale provides you with an opportunity to generate additional earnings on overpaid tax.
- TMNZ offers a significantly higher rate on overpaid tax compared to what you would otherwise receive from IRD.
- TMNZ works with you throughout this process to make it as straightforward as possible.
Want to use your deposits as a line of credit or get refunds back faster?
If you need to access your funds at any time, we make it easy so you get the money when you need it without any hassle or IRD paperwork.
- Tax Drawdown allows you to access deposits in the pool as collateral to drawdown short term funds at very attractive rates.
- You can request your funds back from the pool at any time (no more IRD paperwork!) and the money will be in your account within 3-5 business days.
Want to smooth out current year income tax liabilities?
If you’ve overpaid at one provisional tax date, but then underpaid at another, Tax Swap lets you swap surplus tax to even out your payment profile.
- For any under payments, you can swap tax to reduce IRD interest costs.
- Earn extra interest on overpayments swapped forward from earlier provisional tax dates.