Recommended NZ | Guide to Money | Gimme: Competitions - Giveaways

Some Good News for People Made Redundant

Contributor:
Paybug
Paybug
Source: EzyPay Limited
Some Good News for People Made Redundant

There is a special rebate for redundancy payments of 6 cents in the dollar.

If you or your staff are made redundant, then you can complete form IR524 (available online from the IRD) straight away and you may get a rebate of some tax (depending on the ratepaid and the total pay-out).

The maximum amount you can claim back is $3,600.

All articles and comments on Voxy.co.nz have been submitted by our community of users. Please notify us if you believe an item on this site breaches our community guidelines.