Tax from Kiwisaver
Mr M P Ross made this Official Information request to Inland Revenue Department
The request was partially successful.
From: Mr M P Ross
Dear Inland Revenue Department,
Under the Official Information Act, I request the following
1) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver contributions.
2) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver investment income.
3) What was this tax in questions 1 and 2, used for and used by whom?
4) Was the tax collected in Q1 and 2) reinvested, and if so, what was its result(s)? ($)
5) If a Kiwisaver account makes income and is then rightfully taxed at the correct level, then that Kiwisaver investments value reduces to below the level of contributions made. Then eventually (one day) goes back into a positive balance but not to the level of the first peak, are you taxed again (double dip tax) on that so called income, which you have already paid for previously?
Happy to receive an excel spreadsheet from your fancy new computer system if required to answer the above.
Yours faithfully,
Mr M P Ross
From: oia
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
Good afternoon
Thank you for your request made under the Official Information Act 1982. We will respond to your request within 20 working days from the date of receipt.
Kind regards,
Government & Executive Services
-----Original Message-----
From: Mr M P Ross <[FYI request #12564 email]>
Sent: Thursday, 2 April 2020 12:03 pm
To: oia <[IRD request email]>
Subject: 20OIA1301 Official Information request - Tax from Kiwisaver
Dear Inland Revenue Department,
Under the Official Information Act, I request the following
1) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver contributions.
2) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver investment income.
3) What was this tax in questions 1 and 2, used for and used by whom?
4) Was the tax collected in Q1 and 2) reinvested, and if so, what was its result(s)? ($)
5) If a Kiwisaver account makes income and is then rightfully taxed at the correct level, then that Kiwisaver investments value reduces to below the level of contributions made. Then eventually (one day) goes back into a positive balance but not to the level of the first peak, are you taxed again (double dip tax) on that so called income, which you have already paid for previously?
Happy to receive an excel spreadsheet from your fancy new computer system if required to answer the above.
Yours faithfully,
Mr M P Ross
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From: oia
Inland Revenue Department
[IN CONFIDENCE RELEASE EXTERNAL]
Good afternoon Mr Ross
Please find attached a response to your Official Information Act request, on behalf of Mike Nutsford, Policy Lead.
Kind regards
Government & Executive Services
-----Original Message-----
From: Mr M P Ross <[FOI #12564 email]>
Sent: Thursday, 2 April 2020 12:03 PM
To: oia <[IRD request email]>
Subject: 20OIA1301 Official Information request - Tax from Kiwisaver
Dear Inland Revenue Department,
Under the Official Information Act, I request the following
1) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver contributions.
2) The total annual amount of tax paid (NZD) to the IRD for each of the past 5 years from all Kiwisaver investment income.
3) What was this tax in questions 1 and 2, used for and used by whom?
4) Was the tax collected in Q1 and 2) reinvested, and if so, what was its result(s)? ($)
5) If a Kiwisaver account makes income and is then rightfully taxed at the correct level, then that Kiwisaver investments value reduces to below the level of contributions made. Then eventually (one day) goes back into a positive balance but not to the level of the first peak, are you taxed again (double dip tax) on that so called income, which you have already paid for previously?
Happy to receive an excel spreadsheet from your fancy new computer system if required to answer the above.
Yours faithfully,
Mr M P Ross
-------------------------------------------------------------------
This is an Official Information request made via the FYI website.
Please use this email address for all replies to this request:
[FOI #12564 email]
Is [IRD request email] the wrong address for Official Information requests to Inland Revenue Department? If so, please contact us using this form:
https://aus01.safelinks.protection.outlo...
Disclaimer: This message and any reply that you make will be published on the internet. Our privacy and copyright policies:
https://aus01.safelinks.protection.outlo...
If you find this service useful as an Official Information officer, please ask your web manager to link to us from your organisation's OIA or LGOIMA page.
-------------------------------------------------------------------
This email and any attachment may contain confidential information. If you have received this email or any attachment in error, please delete the email / attachment, and notify the sender. Please do not copy, disclose or use the email, any attachment, or any information contained in them. Consider the environment before deciding to print: avoid printing if you can, or consider printing double-sided. Visit us online at ird.govt.nz
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