MyTax news

Have you got the right travel insurance?

Categories   News & Updates

If you do not have the correct travel insurance cover, you risk losing a significant amount of money.

The amount you could lose varies depending on the flexibility of your ticket, your health, the value of your luggage, the risk of the destination, and any existing overlapping cover you may have through other insurances.

In this article, we’ll take a look at the basic considerations along with some of the “gotchas” that could catch you out.…

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How to Get Out of Debt

Categories   News & Updates

Carrying too much debt?

If you feel debt is becoming a burden, and too much of your money is being drained away by high interest charges, then we’ve put together a few ideas on how you can solve this problem.

Getting out of debt means freedom. It gives you more opportunity. Your life becomes a lot less stressful.…

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How to Save Money

Categories   News & Updates

The sooner you start saving, the sooner you’ll reach your financial goals. But it can be difficult to start, especially if you’re more accustomed to spending rather than saving.

At My Tax, we want you to keep a lot more of your own money, so we’ve written a series of articles on saving money and spending wisely.…

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Travel On A Budget

Categories   News & Updates

Got some of your tax back and thinking of heading for the blue skies?

We’ve put together a few travel tips for Kiwis who are travelling on a budget. There are some fantastic deals right now and by using some of the helpful internet tools, you can save a ton of money.

Research

Get a guidebook.…

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Budgeting Advice For Kiwis

Categories   News & Updates

At MyTax, we are all about keeping more money in your pocket. Tax is one of the biggest deductions that comes out of your pay packet, not to mention the many other claims on your income. It can certainly be difficult to keep more of what you earn.

We’ve come up with a few simple budgeting ideas to help give you more control of your finances.…

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If you’ve suffered losses from recent earthquakes, how will this affect the amount of tax you must pay? Tax is probably the last thing we think about after a major disaster. However, to help ease the disruption, the IRD does grant tax relief in a number of cases.

In this article, we’ll look at some of the options that may be available to you following natural disasters, and more specifically, the help available if you’ve incurred losses or hardship following the upper South Island and Wellington area earthquakes.…

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Do you think you pay too much tax?

Some people think you don’t pay enough! It will likely come as a surprise to you that a recent report by the OECD claim we pay low taxes, compared to other countries .

The OECD’s 2017 ‘Taxing Wages’ report shows New Zealand’s average tax wedge – a percentage of the total tax on wages paid by employees and employers minus family benefits – was 17.9 per cent last year 

This is the second lowest of the 35 nations in the OECD and less than half the average “wedge” of 36 per cent.

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