Yes, TMNZ is a registered tax pooling provider with IRD that operates under legislation set out in the Income Tax Act 2007 and Tax Administration Act 1994.

Yes, all payments made to Tax Management NZ are made into bank accounts overseen by an independent trustee, Guardian Trust.

With more than 125 years’ experience in New Zealand, Guardian Trust oversees Tax Management NZ’s tax pool account at IRD in which payments are held. They authorise all payments and tax refunds, as well as transfers to taxpayer accounts.

At no stage does Tax Management NZ have any contact with, or access to, your payments.

Tax Management NZ pays tax into its tax pool account at IRD on each provisional tax date and these payments are date-stamped.

Upon receiving your payment, TMNZ arranges for the tax amount at the tax date you require to be transferred from its tax pool account to your IRD account.

IRD treats this as if it was paid on the original date it was due when it processes this transfer, remitting any interest and late payment penalties incurred.

Normally payments made to Tax Management NZ will show in your IRD account within three weeks after being transferred from the tax pool.

However, please note this may take longer during the March-June window due to the larger-than- normal volume of transactions that are processed during this time.