You can view details of your investment income in your myIR account.
When your payer files an investment income return, the income they’ve paid to you and the tax they’ve deducted will be displayed in your myIR account under the relevant tax year. For example, income from your payer’s June 2020 return will display in your 2021 income tax year.
If your payer does not have your IRD number, or if the IRD number you have given your payer is not valid, your income information will not be available on myIR.
If you have a joint account, then we’ll split the income reported equally between all account holders who’ve provided their payer with valid IRD numbers.
You can change this allocation when we complete your income tax assessment at the end of the year or when you file your income tax return. You may be asked for documentation to support an unequal allocation of interest between account holders.
Access your income tax account in myIR
After you’ve logged into myIR, click the ‘income tax’ hyperlink on the account tile.
Select 'view details' in the Earnings summary section
The Earnings summary section is on the righthand side of the page. It displays your income and tax deducted for the time period you choose.
Once you click ‘view details’ you’ll see a list of the different income types you’ve had in that time period, for example, ‘New Zealand interest received’.
Select 'view breakdown' of New Zealand interest received
Select 'view detail' next to an income record
This will show you ‘income item details’, which includes:
- who paid you
- the relevant period
- amounts and tax deducted
- ownership percentage (for recent periods only).
Ownership percentage is the portion of income allocated to your IRD number. For example, 100% ownership can mean the income is not from a joint account, or could mean it's from a joint account but the other owner has not provided the payer with a valid IRD number.
If you think your ownership percentage looks wrong, you can update this in myIR.
