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Lloyd Evaroa

What happens when an instalment payment is missed?
What happens when an instalment payment is missed? 150 150 Support

Underpaid or missed Finance instalment  Upon a missed or underpaid Finance instalment, the amount underpaid or missed will create an independent Flexitax arrangement with TMNZ. Future Finance instalment dates and amounts will not change. Taxpayers will be able to make payments towards the created Flexitax arrangement as they are able. TMNZ will apply payments made…

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How long does it take for my transferred tax deposits to show up in my IRD account?
How long does it take for my transferred tax deposits to show up in my IRD account? 150 150 Support

Your tax will be sent to IRD within three to five working days of when the transfer was organised. TMNZ will be in touch with you throughout the process. From here, IRD normally takes up to three weeks to process the transfer.

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What is Flexitax®?
What is Flexitax®? 150 150 Support

Flexitax® gives you greater flexibility over how you pay your provisional or terminal tax, while eliminating late payment penalties and reducing IRD interest costs by up to 30 percent. You can pay what you owe in one lump sum, at a date of your choice, or spread out payments via instalments.

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Can I use tax I have deposited into the pool be used for other tax payments?
Can I use tax I have deposited into the pool be used for other tax payments? 150 150 Support

Yes, if you have deposited funds in our tax pool and need to make a payment to another tax type on or after that tax date, get in touch with us and we will assist in organising the transfer.

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What tax can I pay using Flexitax®?
What tax can I pay using Flexitax®? 150 150 Support

Flexitax® can be used to pay missed, underpaid or upcoming income tax payments for the current tax year or one just completed.

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How long do I have to pay my off Flexitax® arrangement?
How long do I have to pay my off Flexitax® arrangement? 150 150 Support

You have until 75 days past your terminal tax date to pay the income tax you owe using Flexitax®.

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How long do I have to pay for my reassessed tax through TMNZ?
How long do I have to pay for my reassessed tax through TMNZ? 150 150 Support

You have 60 days from the date the IRD notice of reassessment was issued in which to pay the additional tax through us.

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How does Tax Finance work?
How does Tax Finance work? 150 150 Support

Ahead of your provisional tax date, you pay us an upfront finance fee and we make a date-stamped tax deposit on your behalf into our tax pool account at IRD. The finance fee you pay is based on the amount of tax financed and the date in the future you wish to pay. At the…

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Woops, I made a mistake when I added a taxpayer to my account. Can I edit their details?
Woops, I made a mistake when I added a taxpayer to my account. Can I edit their details? 150 150 Support

Absolutely. Open the side menu bar and click on their name. Once on their dashboard, click ‘Taxpayer Details’, edit the relevant fields and click ‘Update Account’.

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What if I pay into the wrong account?
What if I pay into the wrong account? 150 150 Support

We have different bank accounts, so it’s important you follow the payment instructions on the email we send you. If you think that you may have paid into the wrong account, email our Client Services Team at support@tmnz.co.nz or phone 0800 829 888 and we can move this for you.

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