Paying with TMNZ

After making my initial payment, are there any set amounts I need to pay if I opt to pay my Flexitax® arrangement in instalments?

After making my initial payment, are there any set amounts I need to pay if I opt to pay my Flexitax® arrangement in instalments? 150 150 Support

No, with Flexitax® you can pay what you want, when you want, provided you pay off the remaining balance no later than 75 days past your terminal tax date.

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How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates?

How do I know what balance is left on my Flexitax® arrangement if paying via instalments? Do you send me updates? 150 150 Support

You can see the amount you have left to pay on your Flexitax® arrangement through your dashboard. We also send monthly statements notifying you of the remaining balance.

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How does Tax Finance differ from Flexitax®?

How does Tax Finance differ from Flexitax®? 150 150 Support

Flexitax® gives you the flexibility to chip away at the tax you owe by paying what you want, when you want, with our interest recalculated on the remaining tax owing each month. With Tax Finance, you can lock in a fixed rate because you are arranging to pay the full amount at an agreed upon…

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How do I know the date my notice of reassessment was issued?

How do I know the date my notice of reassessment was issued? 150 150 Support

The date of the notice of reassessment should be found on the notice itself. If you are not sure, get in touch with the IRD who should be able to confirm this for you.

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How does Flexitax® work?

How does Flexitax® work? 150 150 Support

You make your payment to us and we arrange for the tax you require to be transferred to your IRD account. IRD will treat your payment as if it was paid on the date it was originally due once it processes this transfer, eliminating any interest and late payment penalties incurred. This transfer will appear…

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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 is Tax Finance?

What is Tax Finance? 150 150 Support

Tax Finance lets you put in place an arrangement to defer an income tax payment to a time in the future that suits you, without having to worry about IRD interest and late payment penalties. It is another way to manage cashflow or a low-cost way to free up working capital.

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How do I pay my Flexitax® arrangement in instalments?

How do I pay my Flexitax® arrangement in instalments? 150 150 Support

It’s easy. All you need to do is pay part of the tax amount due (we recommend an initial payment of $200 as a guideline). Our system will note that you are paying your Flexitax® arrangement in instalments.

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Can I use Tax Finance to defer my income tax payment for more than 75 days past my terminal tax date?

Can I use Tax Finance to defer my income tax payment for more than 75 days past my terminal tax date? 150 150 Support

No, tax pooling legislation prohibits us from going beyond this deadline.

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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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