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| Thread ID: 140444 | 2015-10-13 05:34:00 | Best time to retire | rny (6943) | PC World Chat |
| Post ID | Timestamp | Content | User | ||
| 1409802 | 2015-10-16 22:44:00 | Cheers Winston, my thinking is, if I do delay a few days, then the tax paid will be in the 2016 tax year, and as I will not have any other substantial income other than the national super, then any excess tax paid would then be corrected at the end of that period. Does that sound about right, or am I way off the mark? In any case, all should become clear once I have had the opportunity to talk with our payroll people. Rny |
rny (6943) | ||
| 1409803 | 2015-10-17 00:17:00 | Why not ask IRD? THey do tell you these things, and are helpful when you ring and ask | pctek (84) | ||
| 1409804 | 2015-10-17 21:03:00 | Yep, that's a good suggestion, thanks. Rny |
rny (6943) | ||
| 1409805 | 2015-10-18 03:55:00 | Why not ask IRD? THey do tell you these things, and are helpful when you ring and ask Yep, that's a good suggestion, thanks. Rny Hope you have enough free time to wait for them to answer the call - whenever I call them, there is a long wait. But on the plus side, they are very helpful.... |
johcar (6283) | ||
| 1409806 | 2015-10-20 05:28:00 | Are you suggesting we take up smoking? But of course, with the proviso that you take up smoking as a long term commitment. If you agree to smoke for at least 40 more years, we guarantee you live to a ripe old age. ;) |
R2x1 (4628) | ||
| 1409807 | 2015-10-20 08:42:00 | Hi team, surprise, rang IRD yesterday, instant answer, no waiting. Looks like the tax to pay will at 33% on anything over 70K for the current tax year, my extra would put me just over that, so not that much of an issue really as under 70K is at 30%. So unless I have been misinformed, or I have misinterpreted what I was told, I will not have that much of a problem. Thanks for all your input. Rny |
rny (6943) | ||
| 1409808 | 2015-10-21 07:36:00 | Just to be clear - your income up to $48k is taxable at 17.5% (actually slightly less). The next jump to 30% is almost double and represents a substantial number of dollars payable above $48k. So you would be wise to shift the payment into April as discussed above. :D | Winston001 (3612) | ||
| 1409809 | 2015-10-21 09:17:00 | Can you not just finis up and then take your leave owing. your last day being when leave runs out. Put you into the new financial year therefore paying less tax. | plod (107) | ||
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