You can check the IRD website at www.ird.govt.nz to see if your total earnings, including your holiday back payments for this financial year, take you into a different tax bracket. You may also want to seek independent tax advice.
Yes, these will apply if you're contributing to KiwiSaver when the payment is made.
No, they don't.
Yes, for team members who have a student loan tax code.
If you have already received a payment prior to 31 March 2023, your holiday pay backpay may affect your Working for Families entitlement for the year ended 31 March 2023. If you receive weekly or fortnightly Working for Families tax credits, you may need to re-estimate your annual family income. Payments made after 31 March 2023 may impact the tax year ending 31 March 2024. Please contact Inland Revenue on 0800 227 773 to have a chat about your situation.
If you have already received a payment prior to 31 March 2023, your holiday pay backpay may affect your New Zealand superannuation entitlement for the year ended 31 March 2023 if your spouse or partner is included in your payments (i.e. your super is income tested) or if you receive supplementary assistance (e.g. disability allowance). Payments made after 31 March 2023 may impact the tax year ending 31 March 2024. You can contact Work and Income on 0800 552 002 to have a chat about your situation.
Any personal information you provide through this portal will be held by Coda Group Limited and treated in accordance with the Privacy Act 2020. You consent to Coda Group Limited disclosing your personal information to any of its related or subsidiary companies, advisers, agents, contractors and franchisee member companies (together, we, our or us) for the purposes of allowing us to consider, verify and process your claim. We cannot make any back payment to you without the requested personal information.
By supplying your personal information through this portal, you acknowledge that we may use your personal information for the Holidays Act remediation process, as well as any other remediation process we may carry out in respect of future remediation payments. We will ask you to reconfirm your personal information if you are owed any future remediation payments.
You are entitled to access, and request correction of, any personal information held by Coda Group Limited about you, in accordance with the Privacy Act 2020. If you wish to do so, please send any requests to (insert email address).