- What is a personal tax summary (PTS)?
- Will I be sent a PTS?
- Do I have to request a PTS?
- Who should request a PTS?
- How to request a PTS
- What expenses can be claimed on a PTS?
- Your PTS and Working for Family Tax Credits
- What happens when
A personal tax summary (PTS) is for salary and wage earners and shows your income and tax deduction details for the year. These details are based on the employment, pension or benefit information provided to us each month by your employer or payer. Your PTS tells you if you've:
- overpaid your tax and are due a refund, or
- underpaid your tax and have tax to pay.
We'll automatically send you a PTS by mid-July if you:
- received Working for Families Tax Credits from us
- received Working for Families Tax Credits from Work and Income and earned over:
- $36,350 for the 2013 tax year and onwards
- $36,827 for the 2010, 2011 and 2012 tax years
- $35,914 for the 2009 tax year
- used the wrong tax code
- used a special tax code
- used a casual agricultural employee (CAE) or an election day worker (EDW) tax code and earned more than $200 from that source
- received income as an IR56 taxpayer only
- had a student loan for:
- tax years from 1 April 2012, and had
- tax years before 1 April 2012, and didn’t have enough money deducted from your salary, wage or benefit income.
From 1 April 2012 pay period student loan repayment deductions are generally considered final so you may not automatically receive a PTS.
Adjusted net income includes interest, dividends, Māori authority distributions or income as a casual agricultural employee or election-day worker. As at 1 April 2014 adjusted net income also includes any income adjustments which are provided on the Adjust your income IR215.
If you don't have a student loan end-of-year repayment obligation you won't receive an End-of-year repayment obligation notice.
We send your PTS in July because we need to first process all the employment details that your employer sends us at the end of the tax year.
Some people who don't automatically receive a PTS need to request one in August.
|You must request a PTS if you...||and you received ...|
|received income from $48,001 to $70,000||more than $200 of interest taxed at less than 33%.|
|received income over $70,000||more than $200 of interest or dividends taxed at less than 33%.|
|received income over $48,000||more than $200 of taxable Māori authority distributions.|
|paid child support through Inland Revenue||more than $200 of interest, dividends or taxable Māori authority distributions.|
Use our online tool to find out if you need to request a PTS
From April, you can check if you need to request a PTS for the tax year just ended by using our online tool Work out my income tax filing options? for tax years 2013 onwards. You can find the Work out my income tax filing options calculators here.
For tax years 2013 and previous you can check if you needed to request a PTS using our online tool Do you need to file an IR3 return or receive a personal tax summary? You can find the PTS calculators here.
You may be entitled to a refund if you:
- were entitled to the tax credit for children or the income under $9,880 tax credit for the 2012 tax year or earlier (find out more about tax credits)
- were entitled to the independent earner tax credit, but didn’t receive it all during the year from the 2010 tax year
- had more than one job during the year
- worked for only part of the year
- can claim expenses against your income. See What expenses can be claimed on your PTS? below.
The removal for 2013 and future income years of the tax credit for children and under $9,880 tax credit my result in a tax bill and not a refund.
Work out if you should request a PTS
You can check if you're due a refund before requesting a PTS. If you're registered for myIR, login and use our Work out my income tax filing options calculator for tax years 2013 onwards. You can find the Work out my income tax filing options calculators here.
If you are not required to file an IR3 return, we will use your salary/wage details we already hold and any additional information you provide to work out if you're due a refund or have tax to pay. If the result is a refund you can also request and confirm your PTS in your myIR account.
If you're not registered for myIR, register now to use our personalised calculator or you can use our non-personalised Personal tax summary calculator for tax years 2013 and before. You can find the PTS calculators here. If you request a PTS and it calculates that you have tax to pay, you'll have to pay the amount shown.
You'll need your income details to use the Personal tax summary calculator. You can get these from:
- Look at Account Information (you'll need to be registered for myIR to use this service)
- 0800 self-service line on 0800 257 778 by requesting your summary of earnings, or
- your end of year pay slip(s) from your employer(s).
If the result is a refund, you'll need to request a PTS to get your refund.
If you're registered for myIR you can request and confirm your PTS through My income tax. This is the easiest way to request and confirm your PTS, and has the following benefits:
- your salary/wage/benefit/pension information is pre-populated (if applicable)
- you can save or print a copy for your records.
You'll need to have the following information to hand:
- any interest, dividend or taxable Māori authority distribution details
- whether you're entitled to the tax credit for children, the income under $9,880 tax credit for the 2012 tax years or earlier, or
- the independent earner tax credit from the 2010 tax year
- any expenses you can claim.
Your PTS will be available through myIR as soon as it is processed. If you're not already signed up to myIR, you can register for my IR now.
You can request a PTS for any of the last five years but not earlier. For example from 1 April 2013 you will no longer be able to request a PTS for the tax year ending March 2008.
You can claim the following expenses on your PTS:
- a fee charged by someone for completing your tax return
- commission on interest or dividend income (but not bank fees)
- interest on money you borrowed to buy shares or to invest, as long as the investment will produce some taxable income
- premiums on loss of earnings insurance, provided the benefit from the insurance policy is taxable income.
If you receive Working for Families Tax Credits from us, we'll send you a form at the end of the tax year, which shows your family details that we've used to calculate your Working for Families Tax Credits entitlement.
You need to check that the information on this form is correct. If you need to make any changes to your family details shown on the form, you can either call us, or update your details online through my IR by using our My family details and income service. If you're not already signed up to myIR, you can register for my IR now.
The PTS and refund process
|June and July||PTS sent
Student loan end-of-year repayment calculations sent
|August||Request a personal tax summary or do it through myIR|
|Once PTS is sent||Refunds less than $200 issued automatically
Refunds more than $200 issued once you've confirmed your PTS
Find out more
Date published: 31 Mar 2015