taxation
Oct 26th 2007, 2:04 pm
#1
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Kent UK
Posts: 43
taxation
that dreaded subject we all hate! out there in NZ do you not have any part of your earnings that are tax free, as in the tax free allowance we get here in the UK? or do you pay tax by so much in the dollar
i couldn't find any reference to this in any of the messages posted on the forum. for those UK expats out there- it looks to me that you pay more tax in NZ, am i correct in this?
we are lloking to move out to NZ and i am trying to gather all the info i need
thanks everso....
i couldn't find any reference to this in any of the messages posted on the forum. for those UK expats out there- it looks to me that you pay more tax in NZ, am i correct in this?
we are lloking to move out to NZ and i am trying to gather all the info i need
thanks everso....
Oct 26th 2007, 10:07 pm
#2
Stoke City fanatic
Joined: Jul 2007
Location: nelson no more :-(
Posts: 693
Re: taxation
that dreaded subject we all hate! out there in NZ do you not have any part of your earnings that are tax free, as in the tax free allowance we get here in the UK? or do you pay tax by so much in the dollar
i couldn't find any reference to this in any of the messages posted on the forum. for those UK expats out there- it looks to me that you pay more tax in NZ, am i correct in this?
we are lloking to move out to NZ and i am trying to gather all the info i need
thanks everso....
i couldn't find any reference to this in any of the messages posted on the forum. for those UK expats out there- it looks to me that you pay more tax in NZ, am i correct in this?
we are lloking to move out to NZ and i am trying to gather all the info i need
thanks everso....
19.5% for first 38000 then 33% for 38000 - 60000 and finally 39% for 60000 and above.
Similar rates if you have your own business.
Also pay a little for acc (health cover)
Sucks but you soon get used to it.
Darren
Oct 27th 2007, 2:29 am
#3
BE Enthusiast
Joined: Apr 2007
Location: Dunedin now, Rangiora and Christchurch before
Posts: 463
Re: taxation
Please take notice that if you arrive after 1 Paril 2006, or was it 2007, you will not pay any NZ tax on foreign source income for up to 49 months after arrival. So id you have extra money and can afford to leave it invested off shore than you may wish to do so. You can also look at hedging your FX exposure at the same time.
Economics again. It is just awful. Not that I want to live is a socialist paradise, well I suppose I already am, but wouldn't it be nice to not have to worry aboutr money?
Economics again. It is just awful. Not that I want to live is a socialist paradise, well I suppose I already am, but wouldn't it be nice to not have to worry aboutr money?
Oct 27th 2007, 7:11 am
#4
BE Enthusiast
Joined: Jun 2007
Location: Woburn, Wellington
Posts: 753
Re: taxation
Don't forget that in the UK the 'Income Tax' has been very stealthy added to in a substantial way by the increase in National insurance.
In typical spin fashion labour stated there would be no increase in taxation at the last election manefesto time and there wasn't they just did it another way
They still get the cash by another route.
I think you'll find the overall tax burden in NZ is less that the UK.
Stealth taxes are getter heavier and heavier in the UK.
We used to pay a substantial amount of income tax at 40% in the UK and do at 39% here but overall we feel better off in New Zealand wages versus overall taxation.
In typical spin fashion labour stated there would be no increase in taxation at the last election manefesto time and there wasn't they just did it another way
They still get the cash by another route.I think you'll find the overall tax burden in NZ is less that the UK.
Stealth taxes are getter heavier and heavier in the UK.
We used to pay a substantial amount of income tax at 40% in the UK and do at 39% here but overall we feel better off in New Zealand wages versus overall taxation.
Last edited by teambwr47; Oct 27th 2007 at 7:14 am.
Oct 27th 2007, 8:25 am
#5
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Kent UK
Posts: 43
Re: taxation
Oct 27th 2007, 8:26 am
#6
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Kent UK
Posts: 43
Re: taxation
Please take notice that if you arrive after 1 Paril 2006, or was it 2007, you will not pay any NZ tax on foreign source income for up to 49 months after arrival. So id you have extra money and can afford to leave it invested off shore than you may wish to do so. You can also look at hedging your FX exposure at the same time.
Economics again. It is just awful. Not that I want to live is a socialist paradise, well I suppose I already am, but wouldn't it be nice to not have to worry aboutr money?
Economics again. It is just awful. Not that I want to live is a socialist paradise, well I suppose I already am, but wouldn't it be nice to not have to worry aboutr money?
Oct 27th 2007, 8:27 am
#7
Forum Regular
Thread Starter
Joined: Oct 2007
Location: Kent UK
Posts: 43
Re: taxation
Don't forget that in the UK the 'Income Tax' has been very stealthy added to in a substantial way by the increase in National insurance.
In typical spin fashion labour stated there would be no increase in taxation at the last election manefesto time and there wasn't they just did it another way They still get the cash by another route.
I think you'll find the overall tax burden in NZ is less that the UK.
Stealth taxes are getter heavier and heavier in the UK.
We used to pay a substantial amount of income tax at 40% in the UK and do at 39% here but overall we feel better off in New Zealand wages versus overall taxation.
In typical spin fashion labour stated there would be no increase in taxation at the last election manefesto time and there wasn't they just did it another way
They still get the cash by another route.I think you'll find the overall tax burden in NZ is less that the UK.
Stealth taxes are getter heavier and heavier in the UK.
We used to pay a substantial amount of income tax at 40% in the UK and do at 39% here but overall we feel better off in New Zealand wages versus overall taxation.
