Depositing into the TMNZ tax pool

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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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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Do any rules apply to refunding or selling tax?

Do any rules apply to refunding or selling tax? 150 150 Support

Yes, if you are wishing to sell or refund tax held in our tax pool, we may require AML documentation from you and anyone else who acts on behalf of the taxpayer whose payments you manage. If you think this will apply to you or have any questions, contact our Client Service Team on 0800…

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How do I sell my tax?

How do I sell my tax? 150 150 Support

Simply select ‘Tax Sale’ through the manage tax tab on your dashboard. Choose the date and amount you would like to sell. Once you confirm the sale, an email will be sent to you outlining the details of the sale.  If you would like these funds to be used against a different tax date, get…

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How do I transfer my tax pool deposits to IRD?

How do I transfer my tax pool deposits to IRD? 150 150 Support

Simply select ‘Tax Transfer’ through the ‘Manage Tax’ tab on your dashboard. Choose who you would like the tax to be sent to for which year and allocate your deposits according to your liability.

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Can I deposit tax for a group of entities?

Can I deposit tax for a group of entities? 150 150 Support

Yes, all you need to do is set up one of the related entities as the ‘parent’ and add the other taxpayers part of the same group. Once you have finalised your position for the year, simply create a transfer through your dashboard, allocating the tax to each entity according to the dates that they…

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How can I get my deposited tax refunded if I need the funds?

How can I get my deposited tax refunded if I need the funds? 150 150 Support

If you need your funds back, TMNZ can refund your deposited tax at IRD rates within three to five working days. Simply get in touch with our Client Services Team on 0800 829 888 or email them at support@tmnz.co.nz. Before refunding tax, always consider your imputation credit (IC) position at year end prior to refund…

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What if I make a mistake on my transfers?

What if I make a mistake on my transfers? 150 150 Support

If you have just entered the transfer request, no worries. Contact our Client Services Team on 0800 829 888 or email support@tmnz.co.nz and we can remove the transfer so you can start again. If the transfer has already been sent to IRD, let us know and we will work with you to try to have…

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