
KiwiSaver
Cliffe: KiwiSaver tax underpayment issues mask bigger problem

Friday 7th of June 2019
It was revealed this week that IRD had determined 450,000 people were paying the wrong rate of tax on their KiwiSaver accounts and other managed funds.
It had written to at least 120,000 taxpayers, some of whom said they were being given bills of hundreds of dollars a year.
It said it would not pursue people for underpayment in previous years, not refund overpayment.
Its...
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