TAX Refund..

BWDOWN · 1st July 2008, 09:24 PM

Well the IRD has over $700 million worth of tax owed to NZ's and odds on most people dont even know it. I checked mine tonight and I'm owed just over $500 sweeeeett!!

Here's an easy way to do it online...

You must have a years earning from your employer 1/4/07 to 31/3/08 Showing gross earnings and PAYE, Student Loan etc

Go here

https://www.ird.govt.nz/cgi-bin/form.cgi?form=incrates

Choose individual person (for most)
The bottom year as above
put in your gross earnings before tax

The end result will show roughly how much you should have been taxed, check this against your tax on the earnings record.

If its within a few dollars its not worth worrying about, a few hundred or more and its worthwhile.

Hope this helps some of you

Vlad · 1st July 2008, 09:31 PM

i scored me about $800 worth of under 18 tax refund.

Chaos · 1st July 2008, 09:46 PM

i found out that i had paid $146 too much of tax. i rang up and asked them for some more money because im 18 and she said yeah, okay, have $500... sweet!

Trivium · 1st July 2008, 09:51 PM

My acountant managed to squeeze about $1200 out of them...so I spent it all last time round. This time I owe them $320

mr_tec · 1st July 2008, 10:02 PM

i think if you earnt a rough 28k per an anum your owed about $160ish

zerone · 1st July 2008, 11:48 PM

mm..so if you earn more it gets higher? or lower?

MMJA · 2nd July 2008, 12:01 AM

I requested a personal tax summary back in April and it just came about 2 weeks ago and they only owe me $18.88...Ah well better than nothing.

Horny_Devil · 2nd July 2008, 04:42 AM

Quote:

Originally Posted by zerone

mm..so if you earn more it gets higher? or lower?

neither. the PAYE system should be correct, but sometimes it can be off. and sometime u can end up owing money if ur on the wrong tax code

David R · 2nd July 2008, 06:11 AM

I owe them.

This thread is pretty timely considering they have just put another $0.02/L "ACC Levy" on petrol, at a time when everyone is really feeling the high petrol prices. Thanks Helen, that pretty much sums up the last 9 years...

matix · 2nd July 2008, 07:30 AM

Quote:

Originally Posted by Horny_Devil

neither. the PAYE system should be correct, but sometimes it can be off. and sometime u can end up owing money if ur on the wrong tax code

thats what my employer done to me... Told them that I had a student loan and filled in the correct tax code, but still were not paying the student loan payment for me. Now I owe about $4000 in student loan repayments

grandell · 2nd July 2008, 08:00 AM

i got a tax refund a couple of years back... a whole $12.05
i still have the cheque sitting in my room lol

might have to look into it again this year if i can find my old pay slips, but i doubt i'll get anything

BWDOWN · 2nd July 2008, 08:03 AM

Quote:

Originally Posted by Horny_Devil

neither. the PAYE system should be correct, but sometimes it can be off. and sometime u can end up owing money if ur on the wrong tax code

I used to think that too...

BUT its not always right.. I do all the payroll at my work and out of 21 staff 17 were owed money in refunds and they ALL have the correct tax codes even me.

Thing is when you get holiday pay or sick leave it can change the tax amount to incorrect. Always pays to check. Just note as well if you ask the IRD and they say you owe them money you HAVE to pay... if you do it online you can see 1st and then if you have money to pay you dont have too haha

KLRVTC · 2nd July 2008, 08:17 AM

Is it still possible to check if they owe you any money for previous years(before last year) as well?

BWDOWN · 2nd July 2008, 08:56 AM

Quote:

Originally Posted by KLRVTC

Is it still possible to check if they owe you any money for previous years(before last year) as well?

Yep change the year tax code in the link I posted originally and then use your earning summary from that year..

Pretty sure you can claim the last 4 years of refunds

STina · 2nd July 2008, 09:02 AM

there was some random people down at the mall you fill out a form they claim your tax for the past 5years, and take 20% of your refund, easy never would have done it myself. but Im yet to hear back, i got scammed

lol

WTNESS · 2nd July 2008, 09:07 AM

^^ my mate did that, it took them 5 weeks for him to get his tax refund, and their commission was like $200

i learnt how to to do because of that..

Frustration and swearing gets the job done sooner or later...

Danielle · 2nd July 2008, 12:21 PM

About this...

I thought you had to request a personal tax summary these days... I just randomly got sent one last week, they owe me $70 but still... If I had of owed them money I'd be angry that I didn't request it!

Anyone else had this?

BWDOWN · 2nd July 2008, 12:28 PM

Quote:

Originally Posted by Danielle

About this...

I thought you had to request a personal tax summary these days... I just randomly got sent one last week, they owe me $70 but still... If I had of owed them money I'd be angry that I didn't request it!

Anyone else had this?

If you think you are owed money.. that you calculated using the 1st post then you request a personal tax summary and tah dahhh free money

haha

Coupe-R · 2nd July 2008, 12:31 PM

Yeh its random I got a summary of IRD owings too.
It used to be you had to request one, now do they randomly send them out?

Yeh only way you will be owed is if payrol has stuffed it up, like holiday pay being over taxed.
Or you earn under $9880 and can claim a rebate (i.e over 20weeks earning).
Or you only worked part of the year etc etc

there is many little ways that you maybe owed. It's quite hard to stuff it up and OWE IRD money tho.

Most I have ever got is $500 (using under $9880 rebate when i was a student)

Just tried it out, I owe 16 cents for 07
and 2006 i get $161 sweet!

SK1TZ- EF · 2nd July 2008, 12:46 PM

I banked a $46 cheque for last year yesterday, then went to the IRD claim peeps in the mall, I am supposed to get $192 back in sept aswell..

churr

sam

Trivium · 2nd July 2008, 12:57 PM

Typical IRD - they hound you if you owe them any money, yet if they owe you, they won't do a thing until you look into it

ll|||ll|| · 2nd July 2008, 01:43 PM

Maybe it's this?

Quote:

Originally Posted by IRD Website

Have you received your personal tax summary?
25 July

We automatically send you a personal tax summary (PTS) in July if you received Working for Families Tax Credits, have a student loan and haven't had enough money deducted from your income, used the wrong tax code or used a special tax code.

Quote:

Originally Posted by Danielle

About this...

I thought you had to request a personal tax summary these days... I just randomly got sent one last week, they owe me $70 but still... If I had of owed them money I'd be angry that I didn't request it!

Anyone else had this?

Coupe-R · 2nd July 2008, 02:10 PM

Oh one other thing

Your tax calculations will be wrong if you earnt under $38,000 for that year you are working it out for using the above method.

You need to complete the online personal tax summary calc yourself. That way it will include any rebates.

Doing it the way posted in the first post I get $161
working it out on the IRD website for my 2007 year I get $511

Personal tax summary calculation for xxx is what you need to do
I used the 2007 one because I had not filed for that year
Personal tax summary calculation for 2007 (by tool name)

thats what i used for 2006-2007

grandell · 2nd July 2008, 02:27 PM

i wonder how many teachers, nurses and policemen you could employ with $700mil...

/shit stir

zerone · 2nd July 2008, 02:29 PM

Would those mall people classify under?

You can claim the following expenses on your PTS:

a fee charged by someone for completing your tax return

1st July 2008, 09:24 PM	#1 (permalink)
BWDOWN Team NZH: Mod 9,000rpm (S2000 Redline!) Join Date: Jan 2002 Posts: 7,707 Location: Christchurch	TAX Refund.. Well the IRD has over $700 million worth of tax owed to NZ's and odds on most people dont even know it. I checked mine tonight and I'm owed just over $500 sweeeeett!! Here's an easy way to do it online... You must have a years earning from your employer 1/4/07 to 31/3/08 Showing gross earnings and PAYE, Student Loan etc Go here https://www.ird.govt.nz/cgi-bin/form.cgi?form=incrates Choose individual person (for most) The bottom year as above put in your gross earnings before tax The end result will show roughly how much you should have been taxed, check this against your tax on the earnings record. If its within a few dollars its not worth worrying about, a few hundred or more and its worthwhile. Hope this helps some of you __________________ Hybrid Theory -=- LSVTEC EK9 & B20VTEC EF9 My Profile

1st July 2008, 09:31 PM	#2 (permalink)
Vlad Senior Member 700rpm (Idle) Join Date: Jun 2007 Posts: 194 Location: Auckland	Re: TAX Refund.. i scored me about $800 worth of under 18 tax refund.

1st July 2008, 09:46 PM	#3 (permalink)
Chaos Senior Member 6,000rpm (Max Torque) Join Date: May 2007 Posts: 1,809 Location: Howick	Re: TAX Refund.. i found out that i had paid $146 too much of tax. i rang up and asked them for some more money because im 18 and she said yeah, okay, have $500... sweet! __________________ Current: H22A EG5 Previous: H22A BB6

1st July 2008, 09:51 PM	#4 (permalink)
Trivium Senior Member 8,000rpm (B Series Redline!) Join Date: Jun 2006 Posts: 4,823 Location: Christchurch	Re: TAX Refund.. My acountant managed to squeeze about $1200 out of them...so I spent it all last time round. This time I owe them $320

1st July 2008, 10:02 PM	#5 (permalink)
mr_tec Senior Member 5,000rpm (VTEC Power!) Join Date: Jul 2007 Posts: 1,328 Location: Timaru	Re: TAX Refund.. i think if you earnt a rough 28k per an anum your owed about $160ish __________________ Respect to tha man with the icecream-van

1st July 2008, 11:48 PM	#6 (permalink)
zerone Senior Member 4,000rpm (Taxi Drag) Join Date: Jun 2007 Posts: 531 Location: Auckland	Re: TAX Refund.. mm..so if you earn more it gets higher? or lower? __________________ ファックああ、私の愛ホンダ、大丈夫でしょうか？私と述べている。

2nd July 2008, 12:01 AM	#7 (permalink)
MMJA Senior Member 7,000rpm (Peak Power) Join Date: Jun 2005 Posts: 3,146 Location: Howick	Re: TAX Refund.. I requested a personal tax summary back in April and it just came about 2 weeks ago and they only owe me $18.88...Ah well better than nothing. __________________ 2000 DC2 Integra Type R-X DC Squad Type R Group Aucklanders Unite Eastsiderz Best ET: 14.62s @ 153.2kph

2nd July 2008, 08:00 AM	#11 (permalink)
grandell Senior Member 6,000rpm (Max Torque) Join Date: Aug 2005 Posts: 1,673 Location: Wellington	Re: TAX Refund.. i got a tax refund a couple of years back... a whole $12.05 i still have the cheque sitting in my room lol might have to look into it again this year if i can find my old pay slips, but i doubt i'll get anything __________________ WSC \| DLS Speaker Pimps \| Rolling Jaguar Productions

2nd July 2008, 08:17 AM	#13 (permalink)
KLRVTC Senior Member 5,000rpm (VTEC Power!) Join Date: Sep 2005 Posts: 1,340 Location: Hamilton	Re: TAX Refund.. Is it still possible to check if they owe you any money for previous years(before last year) as well?

2nd July 2008, 09:02 AM	#15 (permalink)
STina Senior Member 4,000rpm (Taxi Drag) Join Date: Sep 2005 Posts: 608 Location: Auckland	Re: TAX Refund.. there was some random people down at the mall you fill out a form they claim your tax for the past 5years, and take 20% of your refund, easy never would have done it myself. but Im yet to hear back, i got scammed lol __________________

2nd July 2008, 09:07 AM	#16 (permalink)
WTNESS Senior Member 4,000rpm (Taxi Drag) Join Date: May 2008 Posts: 629 Location: Manukau	Re: TAX Refund.. ^^ my mate did that, it took them 5 weeks for him to get his tax refund, and their commission was like $200 i learnt how to to do because of that.. Frustration and swearing gets the job done sooner or later... __________________ don't forget to bring a towel..... wanna get high?

2nd July 2008, 12:21 PM	#17 (permalink)
Danielle Senior Member 4,000rpm (Taxi Drag) Join Date: Jan 2007 Posts: 857 Location: Te Puke	Re: TAX Refund.. About this... I thought you had to request a personal tax summary these days... I just randomly got sent one last week, they owe me $70 but still... If I had of owed them money I'd be angry that I didn't request it! Anyone else had this? __________________ *Want a custom tee screenprinted - I'm ya girl*

2nd July 2008, 12:31 PM	#19 (permalink)
Coupe-R Senior Member 9,000rpm (S2000 Redline!) Join Date: Apr 2002 Posts: 6,511 Location: Tauranga	Re: TAX Refund.. Yeh its random I got a summary of IRD owings too. It used to be you had to request one, now do they randomly send them out? Yeh only way you will be owed is if payrol has stuffed it up, like holiday pay being over taxed. Or you earn under $9880 and can claim a rebate (i.e over 20weeks earning). Or you only worked part of the year etc etc there is many little ways that you maybe owed. It's quite hard to stuff it up and OWE IRD money tho. Most I have ever got is $500 (using under $9880 rebate when i was a student) Just tried it out, I owe 16 cents for 07 and 2006 i get $161 sweet! Last edited by Coupe-R; 2nd July 2008 at 01:16 PM.

2nd July 2008, 12:46 PM	#20 (permalink)
SK1TZ- EF Senior Member 7,000rpm (Peak Power) Join Date: Aug 2006 Posts: 3,569 Location: Upper Hutt	Re: TAX Refund.. I banked a $46 cheque for last year yesterday, then went to the IRD claim peeps in the mall, I am supposed to get $192 back in sept aswell.. churr sam __________________ NEW JOB!--> www.blackwoodspaykels.co.nz Big thanks to all who have helped with muscle and info, you all know who ya are! WSC f0 LyF

2nd July 2008, 12:57 PM	#21 (permalink)
Trivium Senior Member 8,000rpm (B Series Redline!) Join Date: Jun 2006 Posts: 4,823 Location: Christchurch	Re: TAX Refund.. Typical IRD - they hound you if you owe them any money, yet if they owe you, they won't do a thing until you look into it

2nd July 2008, 02:10 PM	#23 (permalink)
Coupe-R Senior Member 9,000rpm (S2000 Redline!) Join Date: Apr 2002 Posts: 6,511 Location: Tauranga	Re: TAX Refund.. Oh one other thing Your tax calculations will be wrong if you earnt under $38,000 for that year you are working it out for using the above method. You need to complete the online personal tax summary calc yourself. That way it will include any rebates. Doing it the way posted in the first post I get $161 working it out on the IRD website for my 2007 year I get $511 Personal tax summary calculation for xxx is what you need to do I used the 2007 one because I had not filed for that year Personal tax summary calculation for 2007 (by tool name) thats what i used for 2006-2007 Last edited by Coupe-R; 2nd July 2008 at 02:17 PM.

2nd July 2008, 02:27 PM	#24 (permalink)
grandell Senior Member 6,000rpm (Max Torque) Join Date: Aug 2005 Posts: 1,673 Location: Wellington	Re: TAX Refund.. i wonder how many teachers, nurses and policemen you could employ with $700mil... /shit stir __________________ WSC \| DLS Speaker Pimps \| Rolling Jaguar Productions

2nd July 2008, 02:29 PM	#25 (permalink)
zerone Senior Member 4,000rpm (Taxi Drag) Join Date: Jun 2007 Posts: 531 Location: Auckland	Re: TAX Refund.. Would those mall people classify under? You can claim the following expenses on your PTS: a fee charged by someone for completing your tax return __________________ ファックああ、私の愛ホンダ、大丈夫でしょうか？私と述べている。 Last edited by zerone; 2nd July 2008 at 02:35 PM.

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