Page 22 Advertisements Column 1

Press, 13 March 1986, Page 22

NATIONAL SUPERANNUITANTS INCOME TAX SURCHARGE 1986/87~ If you receive National “Super” you may have to pay an income tax surcharge. This is a special income tax of 25% payable on income above certain exemption levels. For the year commencing 1 April 1986, new exemption levels apply. Are you liable? You will be liable for the surcharge only if — • you’re single and your taxable income not counting National “Super”, will exceed $7202 for the year. • you’re married and your combined taxable income, not counting National “Super”, will exceed $12012 for the year. How should it be paid? If you are liable for the surcharge you should pay it by having it — • deducted from your National “Super’,’ or • deducted along with the normal PAYE deductions on your other income. If your only other income is from investments eg rent, interest, dividends, you can pay the surcharge along with your provisional tax. Doyou want help? If vou want further F* —————— — —g details about the surcharge I send me a copy of “Income Tax 8 fiR in and send off the I Surcharge on National Superannuitants | coupon for an explanatory 8 Name I booklet “Income Tax 8 Address I Surchaige on National 8 S Superannuitants”. If you 8 I think you may be liable for * | Post to: Inland Revenue Department | the surcharge and want help ——— PO- Box 2941 I in finding out how best to WELLINGTON. I Inland Revenue Office LLI INLAND REVENUE JWT I IRDP 1016 w, —. ~.U. ' '