Ird.govt.nz

Getting my KiwiSaver savings early

WEBGetting my KiwiSaver savings for health reasons You may be able to withdraw some, or all, of your KiwiSaver funds early if your health permanently affects your ability to work or you could die. Getting my KiwiSaver savings for other reasons Bankruptcy, relationship property, paying tax liability and your KiwiSaver when you die.

Actived: 8 days ago

URL: https://www.ird.govt.nz/kiwisaver/kiwisaver-individuals/getting-my-kiwisaver-funds-early

Refunds and tax bills

WEBKeeping your details up to date means you’ll get your income tax information faster, and we'll pay any refund owing straight away. Check in myIR that your email address, postal address and bank account information are up to date. When you receive your automatically issued income tax assessment you may have a tax bill or be due a refund.

Category: Health Go Health

Chapter 8 – Insurance pay-outs to third parties

WEB8.1 The GST rules require GST-registered recipients of an insurance pay-out to return GST on these pay-outs. When a GST-registered recipient of an insurance pay-out is a third party to the insurance contract, they may not be aware they are receiving a payment which is covered by insurance. As a consequence, they may fail to comply with the

Category: Health Go Health

QUESTION WE’VE BEEN ASKED

WEBQB 18/04 Income Tax – insurance – personal sickness and accident insurance taken out by employee with employer paying the premiums on employee’s behalf. This Question We’ve Been Asked (QWBA) considers the income tax treatment of personal sickness and accident insurance policies where an employee takes out the policy and their employer

Category: Health Go Health

Health and safety FBT exemption

WEBA non-cash benefit provided by an employer to an employee is subject to fringe benefit tax. However, if the benefit relates to health and safety it could be exempt from FBT under section CX 24 of the Income Tax Act 2007. The Commissioner has recently considered how this exemption applies. The requirements of the exemption are that there must be

Category: Health Go Health

Getting my KiwiSaver savings for health reasons

WEBWho. Those whose health is affecting them financially. You may be able to withdraw some, or all, of your KiwiSaver savings early for health reasons. These can be either: an illness, injury or disability that permanently affects your ability to work or poses a risk of death. a life-shortening congenital condition that lowers your life expectancy

Category: Health Go Health

Types of business expenses

WEBMeal expenses If you're self-employed or a business owner, you may be able to claim meal expenses in some situations. Mixed-use assets Mixed-use assets are property (for example holiday homes), aircraft and boats with both private and income-earning use. Vehicle expenses You can claim running costs if you use a vehicle for business.

Category: Health Go Health

Fringe benefit tax (FBT)

WEBFringe benefit tax (FBT) is a tax payable when the following benefits are supplied to the employees or shareholder-employees: motor vehicles available for private use. low interest/interest free loans. free, subsidised or discounted goods and services. employer contributions to sick, accident or death benefit funds, superannuation schemes and

Category: Health Go Health

Gross pay for KiwiSaver schemes and complying funds

WEBGross pay and complying funds. Gross salary or wages is different for your employees in complying funds. You work out their deduction and your contribution using gross base salary or wages. This means you exclude: other amounts not included in the employee's gross base salary or wages (these should be set out in the fund's trust deed).

Category: Health Go Health