MyTax news

Tips on Investing Your Tax Refund

Categories   Featured News & Updates

It’s a good idea to have a plan in mind for money you get from a tax refund, otherwise it’ll be gone before you know what to do with it! You might already have your tax return earmarked for some good times (Laneway Festival anyone?!) – but before you go making it rain with your tax refund, think about the fact that this tax return is no gift from the government but rather your own money that should have been in your bank account from the beginning.…

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invest


Are you on the right Tax Code?

Categories   Featured News & Updates

Your New Zealand tax code determines how much tax you have to pay. If you’re working for someone, it tells your employer how much they need to deduct from your income via the Pay as You Earn (PAYE) system. The money that gets deducted includes both the tax rate for your income and your ACC earner’s levy.…

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jargon 3



Doing your taxes on your own is hard because it’s just so easy to get it wrong. Part of the difficulty lies in all the jargon: from allowable deductions to new income, just how is anyone able to fill out the IR330 without pulling their hair out over the painful terminology? You’re no accountant so we don’t expect you to know your RWT from your PAYE to your SOE.…

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Jargon 1


Congratulations! You’ve just completed your degree and you’re ready to follow in the footsteps of countless Kiwis before you: heading off on your big OE. The best part about this is that you totally deserve it. Getting a degree is a big deal and you’ve earned the right to head off on big adventures overseas. The worst part about this is that you have a pretty massive student loan.…

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Student



You know that feeling when you keep checking your online bank account to see if your tax refund is in there yet? Yeah, we know it too, and it’s no fun. So what’s the hold up? Well, there are plenty of things that can slow down the process. Let’s take a look at these common tax mistakes so we can help you get your tax refund as fast as possible!…

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Tax Refund



Just when you thought tax jargon couldn’t get any harder, the IRD goes and changes ‘Withholding Tax’ to ‘Schedular Payments’! Schedular payments only affect a small portion of New Zealand workers, particularly those who work casual, temporary, seasonal and contracting jobs. This could be you! So, here’s the lowdown…

 

Withholding Tax 2.0

You may have recently heard of the ominously named “scheduler payments” and now you’re wondering what they are.…

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Withholding


Some students don’t have the luxury to kick back and relax during school terms or even during school holidays anymore.

 

Of course, it’s not all bad. Working while you study is an excellent opportunity to develop key skills that will only serve to help you land a secure job upon graduation. Not to mention that extra weekly cash that will supplement your student loans.…

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Student work