What does the new top tax rate mean for you?

Dear {{first_name}},

You might have already heard that the top personal tax rate is increasing to 39% – who will this apply to, and what is Inland Revenue warning against?

You might like to get in touch to find out what changes you need to make before the new rate kicks in.

What does the new top tax rate mean for you?

This will have an impact on individuals earning over $180,000, that top chunk of income will now be taxed at 39% instead of 33%.

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The low-value asset threshold (of $5,000) for depreciation ends on March 16th

The temporary increase to $5,000 for the low-value asset threshold for depreciation ends March 16th. For assets purchased on or after 17 March 2021, the new threshold will be permanently set at $1,000. Talk to us for more information.

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