Check your tax code or rate is correct
You probably aren't paying the correct amount of tax if your tax code or rate is wrong.
In particular, if you have more than 1 income source and don’t have the right tax code for each income source.
You need to use a different tax code for:
- one-off lump sum payments
- superannuation schemes
- ACC or paid parental leave payments.
Update your Working for Families details
You need to tell us straight away if you have a change in your family's circumstance that might impact your Working for Families.
Here are some common changes that can lead to a bill if you don't tell us about them.
- You or your partner (if you have one) underestimated your income for Working for Families.
- A child or children left your care.
- You and your partner separated.
Find out how to update your details or estimate your income for Working for Families.
Check the tax rates for your KiwiSaver and other investments
You might get a bill if you're using the wrong resident withholding tax (RWT) rate or prescribed investor rate (PIR).
Resident withholding tax is used on any income earned from interest or dividends from a New Zealand source. For example, interest earned from a New Zealand bank account.
A prescribed investor rate is used on any income you earn from a portfolio investment or other managed funds. An example of a managed fund is KiwiSaver.
If you have a bill and want to pay it, you can do this now or pay over time with an instalment arrangement.