Choose the right tax code for your NZ Superannuation
When you start getting NZ Super you might still have other sources of income. You need to make sure you're using the correct tax code.
You have to choose a tax code when you complete your application for NZ Super. The tax code you use depends on whether you have any other income and if you do, where it comes from.
Special tax code
If you feel you’re paying too much or not enough tax you can apply for a special tax code — for example, if you get NZ Super and other income or if you’re receiving an overseas pension that is taxable in NZ.
You can apply for a special tax code by
- downloading a special tax code application form, or
- calling Inland Revenue and asking them to send you the form.
Special tax code application IR23BS
Freephone: 0800 257 773 from a New Zealand landline only
Phone: +64 4 978 0767 from a cellphone
IR work out the right amount of tax for you and provide you with a special tax code certificate. You need to give this to your employer or pension provider.
A special tax code only lasts for 1 tax year (1 April to 31 March). If you apply part-way through the year, it applies from the date that IR approves it to the end of that tax year. You’ll only know the exact amount of tax you need to pay or that will be refunded to you after you receive your personal tax summary or complete an individual tax return IR3.
Tax on investments or savings
You also need to make sure that any money you get from investments or interest is taxed at the correct rate.
Tax on investments and savings
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