June 2011                                                                                                                                      Issue No 7
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 KIWI SAVER TOP UP

If you wish to gain the full Govt Subsidy on your Kiwi Saver Contributions and think that you have not paid in %1043 over the last year (the minimum amount to get the full subsidy) you need to check now. Log onto the IRD website, and access your account details. Or alternatively call the IRD.

You need to make the payment to your Provider no later than 23rd June 2011.
Contact your Kiwi Saver Provider to find out their payment options.

OFF ROAD RUC REFUND

RUCs are up 4 to 8 cents per km depending on the vehicle type.
If you have a diesel vehicle licensed for use on the road and pay road user charges but use the vehicle off the public road system you can claim a refund of RUCs for this 'off road' travel.
www.nzta.govt.nz/resources/factsheets/38/road-user-charges-1-6-tonne-vehicles.html

Excise duty comprises 48.524 cents per litre of petrol.

If you use petrol in vehicles that work or travel 'off road' you can claim back the excise duty built into the petrol price.
www.nzta.govt.nz/resources/factsheets/14/doc/mr70-excise-refund.form.pdf

Or in either case you can visit your local post shop for help.
 EMISSIONS TRADING SCHEME - ETS

The ETS as it applies to forestry is law in NZ. If you have a woodland or forestry block which  is more than one hectare in area you should have an idea of what it means, as some of the dates by which you may need to take action are looming. The nearest date is 30 September 2011 to apply for an exemption from the ETS for pre - 1990 forest land of less than 50Ha. Contact MAF Climate Change/Emissions Trading Scheme.
Phone:- 0800 25 46 28 or visit the website:

www.maf.govt.nz/forestry/forestry-in-the-ets


   WORKING FOR FAMILIES

There are now nine potential adjustments to taxable income to arrive at Family Income, all of which are likely to reduce WFF entitlements.

If you receive Working For Families fortnightly and think you maybe affected by these changes please call our office so we can ascertain if you will be at risk of being overpaid.
 LTC ELECTION

Earlier this year we sent out email letters to those shareholders in companies where this option should be considered.

This election must be taken up by 30 September 2011

An IR862 (look-through company election form) must be completed and signed by all Shareholders of the Company. Please call our office if you are still undecided.
Lisa has left us to begin her maternity leave. She is hoping for a couple of weeks R & R before the big day. Her work load will be split between Sara, Renae and Viv.

If Lisa was your manager don't despair you are still in good hands and can expect the same high standards from your new team member.

 
 
 
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