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Delays to response times: It is taking longer than usual for us to answer calls and myIR messages. This is because of the demand for COVID-19 business support, and the impact COVID-19 is having on our teams. We appreciate your patience and will respond as soon as we can. If possible, please contact us through your myIR account. Log in to myIR

COVID-19 Support Payment (CSP): Applications for the CSP are now closed. Due to the large number of applications for the CSP, there may be a delay in approving some applications. Find out more about the CSP

Budget 2022: The Government has announced Budget 2022, which includes changes to child support payments. Find out more on our Tax Policy website

Budget 2022: The Government has announced a Cost of Living Payment, which will be paid from 1 August 2022. You do not need to apply for this payment. If you are eligible, we’ll pay it into your bank account. Find out more

2021 and future tax years

If you've included an amount of a contribution from a retirement savings scheme in your individual income tax return (IR3) you can leave it out of your income for Working for Families or student loan.

You'll need to complete an adjustment so the contribution is not included.

2020 and previous tax years

The adjustment is only for Working for Families, the contribution will still be included in your income for your student loan.

Example

Trevor has provided Te Rūnanga o Ngāi Tahu with a tax rate lower than his correct retirement scheme contribution tax (RSCT) rate so the $550 contribution made to his account is taxable income. He includes it in his IR3.

Trevor can exclude the $550 from his income for the calculation of Working for Families. He will need to let us know about this adjustment.

Last updated: 28 Apr 2021
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