High tax rate on student payout
By
JENNY LONG
Tertiary students should soon get their first Government payments for the year — but they will be taxed at almost twice the expected rate.
The first student allowance payments are expected to be made on April 18. They will be taxed at 28c in every dollar instead of 15c, because the Government is calling it a back pay. The president of the University of Canterbury Students’ Association, Ms Suze Wilson, said it could make a difference of about $B5 to some students. "That’s two weeks rent.” Ms Wilson said the Government had known since last year that it intended to tax this first payment at a higher rate, but had not said so.
The payments are the first to be made under the new student allowance scheme. For students over 20, the basic payment is $lOB a week. Ms Wilson said the amount involved was "pretty small, so we can’t understand this punitive taxation.”
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Press, 11 April 1989, Page 6
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162High tax rate on student payout Press, 11 April 1989, Page 6
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