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

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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

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From: oia
Inland Revenue Department


Attachment 20OIA1301 signed response Ross.pdf
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[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

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