Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [new-zealand]

For questions that relate to the laws, practices, and products of New Zealand.

46 questions
114
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10 answers

Someone wants me to use my credit card at a card-only gas/petrol pump in return for cash

I was at a petrol station in rural New Zealand at the weekend which only accepted payment via the automated card reader on the forecourt. After I had filled up, a young woman approached me and asked if I would use my card to pay for her petrol, and…
Rupert Morrish
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32
votes
6 answers

Is it legal to mortgage a property twice or more?

I was talking to one loan agent lately about getting an investment loan, she was trying to convince me to mortgage my house but my house has been mortgaged already. She was saying "let us not worry about it, we can mortgage it to a different…
Yu Zhang
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8
votes
1 answer

Is my financial plan for buying a house logically sound

All money is in NZD, all calculations done Weekly. Linked house is just example. House in North Shore, Auckland, New Zealand. $600K 30 year Mortgage with ASB, 430K loaned at 5.75% variable, (170K down) Loan repayment figures: Repayment required:…
williamsandonz
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8
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2 answers

How do banks feel about loaning money to independent IT contractors for a home mortgage?

I'm in IT, I go on contracts that range from 3-6 months, but they have a termination clause of 2 weeks usually. I earn $900 NZ per day. How lenient would a bank be on lending say $400K to me, which I can combine with say 100K of my own money towards…
williamsandonz
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6
votes
2 answers

Earning salary from USA remotely from New Zealand?

I'm from the beautiful country New Zealand. My problem is: I am accepting the work remotely, Some of the companies from USA are willing (and really interested) to provide me job to work remotely and pay me salary on monthly basis So, I request to…
sim
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6
votes
1 answer

UK National Insurance deduction as income tax in NZ

I understand as a New Zealand tax resident I am required to declare my worldwide income and the tax I pay on this income back in NZ each year when I do my tax return. However I am wondering what the status of U.K National Insurance contributions…
Andrew
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5
votes
2 answers

Working two jobs (one remotely to NZ). What should I do about taxes?

I currently live in the UK. I work full time (37.5 hours a week) at an agency. I get paid a fixed salary for this. I've been approached by someone in New Zealand to hire me by working remotely, I will be working around 15 hours a week for them and…
MacMac
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5
votes
1 answer

Difference between Fortnightly and Monthly pay

I used to get paid monthly at base salary of 48k. I have recently changed my job and getting paid fortnightly with a base salary of 50k I did some calculation and found out that if I get paid monthly I would end taking home $2962.09. However, my…
Matt
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4
votes
1 answer

Remote work done in New Zealand while on a Working Holiday Visa - who do I pay tax to?

I was in New Zealand on a working holiday visa in early 2017 for about nine weeks - across the last few weeks I was there, I did some remote software development work for a few different clients, all located outside of New Zealand. I earnt roughly…
James Hiew
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4
votes
1 answer

Deducting interest on a loan to repair a rental property

I own and rent out an apartment in a building that needs extensive repairs. The body corporate has broken the levy for the repairs into six payments. For the first three payments, last tax year, I paid them from a separate account I opened…
Rupert Morrish
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4
votes
3 answers

Will I have to pay taxes for Australia if I have an Australian bank account?

I live in New Zealand. I'm doing freelance work for an Australian company. They are not very open-minded in relation to new transfer money methods, they only do it with PayPal or international money transfer via some bank. These are expensive. I was…
Roberto
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4
votes
1 answer

How to start buying shares with small amount of money?

I am a new immigrant in New Zealand (NZ) who brought some money (not much though) from back home. Those money are resting in my bank and doing nothing. I want to invest some of them in stock market but I have no background of stocks at all. There…
awatan
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4
votes
2 answers

Investing tax (savings)

I am software development consultant acting as a sole trader (self employed). My main expenses are ultimately paying my self and some hosting. Every time I have an invoice paid I put a percentage into an account to later pay tax from. This all works…
DarcyThomas
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4
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1 answer

How do I assess the performance of a Kiwisaver scheme?

In New Zealand we have a long-term savings scheme called Kiwisaver. Essentially, a percentage of your income that you designate (3, 4 or 8%) is funnelled to this saving fund, along side your PAYE income tax. The tax department then sends the money…
dwjohnston
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4
votes
3 answers

Too low interest rate in New Zealand

I came from a country with high interest rates where you can easily find an investment that pays more than inflation, but I moved to New Zealand and was surprised when I saw that the inflation rate is around 1.6% quarterly and my bank pays me 4.5%…
Roberto
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