24 Jun 2024

Salaried workers caught out at the end of the tax year

From Morning Report, 8:45 am on 24 June 2024

Have you been caught out by a tax bill from Inland Revenue? Many Kiwis on salaries at the end of this financial year have tax to pay, with some owing thousands of dollars. Employees on parental leave seem to be the hardest hit, with one teacher saying she owes IRD two thousand three hundred dollars, despite being on maternity leave. As Matthew Hutching reports, in the midst of a cost of living crisis it's a extra expense most can ill-afford.