Source: Etu Union
The Government is making it easier to pay the right amount of tax when you work more than one job.
Now, when IRD collects tax they will check you are paying the right amount. If something needs to change they will contact you. They might give you a new tax code or suggest you apply for a Tailored Tax Code to change the amount of tax you pay.
You can also contact IRD on 0800 775 247 yourself to check your tax code or ask for a Tailored Tax Code.
Even if you have not got a new tax code, if you have paid too much tax during the year, the IRD will now automatically refund it into your bank account after the end of the year (so make sure your bank account details are up to date). If you have not paid enough tax at the end of the year, IRD will automatically let you know and tell you how long you have to pay what you owe.
If you have children under 18, at the same time you should also ask IRD to check whether you are eligible for Working for Families. Make sure you let them know if you have a new baby too, because there are extra payments for kids under one year old.
If you have no children, but you earn between $24,000 and $48,000, make sure you signed up for the Independent Earner Tax Credit. This is worth $10 per week.
Make sure your employer has your IRD number and that IRD have your contact details.
You can do all this online too. Go to www.ird.govt.nz and register for myIR.