Taxman taketh away but doesn’t giveth
IRD says it won't refund incorrect KiwiSaver PIR overpayments.
While 450,000 New Zealanders have got their Prescribed Investor Rate (PIR) tax rate wrong for their KiwiSaver funds, some of whom are now receiving bills from Inland Revenue, spare a thought for those who have overpaid their tax.
That’s because since KiwiSaver funds are PIE (portfolio
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