Tax pooling
for cashflow flexibility

Ways to pay tax on your terms

Pay your way

Pay in instalments

It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can make provisional tax payments regularly, or in lump sums - up to 75 days after your terminal tax date.

Choose when you'll pay

Pick a date in the future (up to 75 days after terminal tax), lock in today’s competitive interest rate by paying up front and keep your cash in your business until your chosen payment date.

Tax Pooling for Cashflow Flexibility

Ways to pay tax on your terms

Tax pooling has helped thousands of Kiwi business owners save more, while enjoying real cashflow flexibility. Below you’ll find everything you need to know about how our revolutionary system can benefit you and your business.  

Tax Pooling for Cashflow Flexibility

Ways to pay tax on your terms

Tax pooling has helped thousands of Kiwi business owners save more, while enjoying real cashflow flexibility. Below you’ll find everything you need to know about how our revolutionary system can benefit you and your business.  

Align tax with your cashflow forecast

For companies and sole traders dealing with fluctuating cashflow and provisional tax headaches, there’s an easier way to manage your obligations— tax pooling.

Tax pooling helps by matching your cashflow forecasts with your provisional tax payments. All you need to do is tell us your tax amount owed, the date it is due, and how you would like to pay.

When your tax bill arrives, we’ll transfer the amount required to IR on your behalf as a time-stamped payment. IR will treat your tax as if it was paid on time, eliminating the risk of being charged interest or late payment fees. Simple.

Tax pooling is all about freedom and flexibility

Tax pooling is a perfect solution for businesses worried about future cashflow and looming obligations. By partnering with us, you’ll have total control over your tax bill.

Using TMNZ’s payments to IR means you can keep money in your business and use it at the times of the year you’ll need it most. You can top up your payments later into our tax pool at any time.

And your tax pooling arrangement is as flexible as you want it to be, whether you choose to pay in instalments or defer your payment until later.

Working capital when you need it most

In addition to saving you money by avoiding penalties and interest charges if you miss or underpay tax, TMNZ can be a line of credit for your business.

If you’ve deposited funds into our tax pool but find yourself short on cash, you can withdraw that money whenever you want to use it as working capital. You’ll have access to a working capital facility up to the value of your deposit.

This provides even more flexibility for you and your team to get through a cash crunch and stay on top of debt management.

Pay in instalments

It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can make provisional tax payments regularly, or in lump sums – up to 75 days after your terminal tax date.

Choose when you pay

Pick a date in the future (up to 75 days after terminal tax), lock in today’s competitive interest rate by paying up front and keep your cash in your business until your chosen payment date.

Using tax finance means you’ll avoid late payment penalties if you have overdue provisional tax or a reassessment. We offer competitive interest rates, which can provide significant savings on Inland Revenue interest.

Pay in instalments

It’s called ‘Flexitax’ for one very important reason. It’s flexible. Meaning you can make provisional tax payments regularly, or in lump sums – up to 75 days after your terminal tax date.

Choose when you pay

Pick a date in the future (up to 75 days after terminal tax), lock in today’s competitive interest rate by paying upfront and keep your cash in your business until your chosen payment date.

Using tax finance means you’ll avoid late payment penalties if you have overdue provisional tax or a reassessment. We offer competitive interest rates, which can provide significant savings on Inland Revenue interest.

An example of Flexitax

The set up 

Let’s say you have a tax bill of $28,000 due on 28 August. You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and Inland Revenue interest.  

There’s a better way 

It’s called a Flexitax arrangement.  

How it works 

We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow).  

The benefit 

Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks).  

Get a quote

An example of tax finance

The set up 

Let’s say you have a tax bill of $36,000 due on 28 August. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.  

There is a better way 

It’s called a tax finance agreement. 

How it works 

Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.

The benefit 

Come March, you can pay your tax bill without negatively impacting your cashflow or business. As far as Inland Revenue is concerned, you’ve paid your tax on time, saving yourself from late payment penalties and Inland Revenue interest.  

Get a quote

An example of Flexitax

The set up

Let’s say you have a tax bill of $28,000 due on 28 August . You might be thinking an overdraft (at bank interest rates) will help you avoid late payment penalties and IR UOMI.

There’s a better way

It’s called a Flexitax arrangement.

How it works

We’ll make the payment for you, using tax from the pool. This means you’ll be able to pay off your tax over the next 22 months in small, regular payments. Or, if you prefer, in large lump sums (depending on your cashflow).

The benefit

Not only have you avoided late payment penalties, but you’ll also pay interest at a floating rate (which is usually much more competitive than the rates offered by banks).

Get a quote

An example of tax finance

The set up

Let’s say you have a tax bill of $36,000 due on August 28th. You have the money set aside but paying your tax bill now will mean cutting back on necessary costs and slowing down your business growth.

There is a better way

It’s called a tax finance agreement.

How it works

Instead of using that $36,000 to pay your tax right now, you can lock in a fixed interest rate and a set payment date up to 75 days after your terminal tax date. Doing this means your bill is now due next March (when you forecast a better cashflow position). We’ll then calculate the finance fee to this date, which you pay to lock in the rate.

The benefit

Come March, you can pay your tax bill without negatively impacting your cashflow or business. As far as IR is concerned, you’ve paid your tax on time, saving yourself from LPP and IR UOMI.

Get a quote

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