What is Tax Pooling?

It’s an IRD approved way to manage the pain of paying provisional tax. So you pay when it suits your cashflow, instead of the other way around – avoiding penalties and giving you real peace of mind.

How does it help?

There are two main ways Tax Pooling can help. The first option lets you choose to pay your provisional tax in lump sums, or spread them out up to 75 days after your terminal tax due date. With any interest lower than typical bank overdraft fees.
 
The second option lets you take control of future provisional tax payment dates – where we transfer back-dated tax into your IRD account on time for a fee (which is also tax-deductible.)
 
Either way, approval is guaranteed with no security needed.

What’s in it for me?

You’ll buy time

You’ll get up to 75 days after your terminal tax date to pay.

You’ll reduce costs

Avoid interest on business loans and keep your money longer.

You’ll avoid penalties

Save up to 30% on interest costs and avoid late payment penalties.

You’ll get flexibility

Pay tax payments in easy instalments or lump sums.

Marc and Lee, Walker & Co Real Estate

How Walker & Co Real Estate are doing tax on their terms

Cashflow solution

When cash is in short supply, TMNZ helped take the pain away from provisional tax so they pay when it suits the business, not the other way around.

Less tax stress

By using TMNZ, it means Marc and Lee are able to prioritize their business while knowing their tax affairs are being taken care of.

Two ways we can help New Zealand businesses

1

Make your provisional tax payments match your business cashflow so you pay how and when it suits the business

Growth chart with an upward arrow, showing how tax pooling can help improve business cashflow.

Flexitax® gives you cashflow flexibility so your provisional tax payments suit your business, without worrying about IRD interest or late payment penalties.

You can choose to pay provisional tax in lump sums or spread out tax payments over time (up to 75 days after your terminal tax date).
The interest charged is tax deductible and based on competitive lending rates (lower than bank overdraft fees). Approval is guaranteed and no security is required.

2

Defer provisional tax payment dates so you keep money in the business for longer and reduce lending costs

Borrowing chart with a downward arrow - tax pooling can help you save on interest and fees.

Tax Finance allows you to take control over a future provisional tax payment date and gives the certainty of a fixed fee paid upfront.

Choose a preferred date to pay, and make your provisional tax payment on the date you chose. We then transfer back-dated tax into your IRD account so it’s as if you paid on time.
The fee is also tax deductible and based on competitive lending rates. Approval is guaranteed and no security is required.

How to start tax pooling with TMNZ

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