Deciding to move to New Zealand is a big step, so you will want to make sure that all your banking requirements are organised before you leave.
If you are moving to Taranaki you will find you have all the options of one of the major cities to meet your banking and financial needs.
The National Bank of New Zealand has a dedicated 'New residents service' team to assist you in setting up and managing your accounts before you arrive. Likewise so, the ASB Bank has had a dedicated team helping migrants and returning residents move their banking and finances to New Zealand for more than 50 years. The ASB Bank also has a London based banking team.
Tax
Inland Revenue is the Government Department that collects taxes - it is popularly referred to as the IRD. The New Zealand Tax year is from 01 April to 31 March. Over the past year, Inland Revenue has been simplifying Income Tax for Salary and Wage Earners so is now more accurate and less time consuming for everyone involved. Most people pay their taxes as they earn their income, so employers deduct tax on salary and wages. The below tax tares include ACC levies.
|
| Income |
Tax Rate |
| $0 - $14,000 |
14.5% |
| $14,001 - 48,000 |
23% |
| $48,001 - $70,000 |
35% |
| $70,001 - upwards |
40% |
 |
GST
GST is charged on almost all goods and services in New Zealand. It is a consumer tax. The GST rate is 12.5% of the price of goods or services.
If you are interested in moving to Taranaki and would like to contact a local banking institution, please refer to the following list, links which will take you directly to the Banks website. |
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