New Zealand parents on paid parental leave receive unexpected tax bills due to income tax assessment changes.

Parents, particularly those on paid parental leave, are facing unexpected tax bills of thousands of dollars in New Zealand. Inland Revenue has been sending automated income tax assessments since 2019, which are generally accurate. However, if someone's circumstances change during a financial year, a refund or tax owed may be generated. Many parents are now being hit with these surprise tax bills, causing financial strain.

June 23, 2024
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