davebullet
30th July 2010, 14:19
I am going through the redundancy process at the moment. Someone directed me to this little link and change in tax law from 2006:
http://www.ird.govt.nz/yoursituation-ind/redundancy/redundancy-tax-credit/rtc-how.html
Basically - you can get 6% of your gross redundancy payment back upto $3,600 (ie. max $60,000 gross redundancy payment).
I don't know if this can be backdated. Someone told me the refund can take up to 6 weeks.
Maybe just what you need for a deposit on that new bike or some new gear to help out our NZ based motorcycle businesses.
http://www.ird.govt.nz/yoursituation-ind/redundancy/redundancy-tax-credit/rtc-how.html
Basically - you can get 6% of your gross redundancy payment back upto $3,600 (ie. max $60,000 gross redundancy payment).
I don't know if this can be backdated. Someone told me the refund can take up to 6 weeks.
Maybe just what you need for a deposit on that new bike or some new gear to help out our NZ based motorcycle businesses.