Types of income that may affect your independent earner tax credit entitlement
Find out here about some types of income that may affect your entitlement to the independent earner tax credit (IETC).
ACC
Receiving ACC doesn’t affect your eligibility for IETC but you’ll need to include this income in your annual income.
KiwiSaver
Your KiwiSaver contributions will not affect your entitlement to IETC.
If your employer makes contributions to your KiwiSaver scheme these won’t form part of your annual income and won’t affect your IETC entitlement.
Find out more about KiwiSaver.
Child support
If you’re receiving or paying child support these payments won’t affect your eligibility for IETC. There is no adjustment to your annual income for child support paid or received.
Find out more about child support.
Overseas private pensions
If you receive an overseas private pension you may not be entitled to receive the IETC. If you want to know how this may affect your entitlement please write in to us with full details of your pension - see "Contact us".
Paid parental leave
If you’re receiving paid parental leave this won’t affect your eligibility for IETC but is included in your annual income.
Find out more about paid parental leave.
Portfolio investment entity (PIE) income
If you have income invested in a PIE, how your PIE income has been taxed may affect your entitlement to IETC.
| If your PIE income ... | then you ... | and it ... |
|---|---|---|
| has been taxed with the correct prescribed investor rate (PIR) | won’t need to declare the income at the end of the tax year | won’t be included as part of your income. |
| was not taxed at the correct PIR | need to declare it | will then become part of your annual income. |
Date published: 06 Mar 2009
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