Photo: RNZ / Rebekah Parsons-KingWondering why you've had a tax bill? Inland Revenue is in the process of sending out bills to those taxpayers who have underpaid tax in the most recent tax year. Since 2019, the tax department has been running automated tax returns when it has all the information on a taxpayer's income to do so. This may be what happened to someone who wrote in about their experience of a tax bill while on the supported living allowance. I have money in my KiwiSaver fund which I cannot access until I am 65, which I think is where the incorrect tax rate was calculated."
Source: Stuff June 25, 2024 12:13 UTC