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Budget 2024 | The Government has announced proposed changes to personal income tax, the independent earner tax credit, in-work tax credit, the minimum family tax credit and the interest rate charged for overseas based student loans. They have also provided more information on FamilyBoost. Find out more: www.budget.govt.nz

Tailored tax codes, tailored tax rates and certificates of exemption help you pay the right amount of tax if your circumstances mean you often have a large tax bill or refund. It is important to choose the correct tailored tax option.

You can use a tailored tax option if your income comes from:

  • salary or wages
  • schedular income
  • New Zealand Superannuation
  • Veteran’s Pension
  • a second job or other income over and above your main job
  • a benefit or ACC while you are working at the same time
  • an overseas pension that is taxable in New Zealand
  • business losses from previous years when you now earn salary or wages.

Tailored tax options last for up to 1 tax year. It will start on the date we approve it and end on 31 March.

Last updated: 20 Apr 2022
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