The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Vanessa Williams
Published on

At Alliott NZ Ltd, we currently use a tax pooling intermediary Tax Traders for some of our clients

These clients pay their tax payments (provisional tax, etc) to Tax Traders rather than directly to the IRD.

Tax Traders as the intermediary holds the tax payments in trust for the IRD and then releases the payments to them once the final tax return is filed. This can streamline tax management and avoid any overpayments of tax and interest. As well as this, Tax Traders also offer a service to finance tax payments, allow tax purchases for underpaid tax and swaps to earn interest and mitigate tax exposure.

Most recently they have launched a new product called Taxi.

This is a funding facility where clients pay their tax payments but have the ability to drawn down 90% of those funds. It is like an overdraft facility but there is no security or guarantees required. The current interest rate is a competitive 7.09% which is much lower than overdraft rates. There are also no hidden fees.

Once the tax payments have been made, clients can access the funds for up to 9 months. Repayments are flexible. Repayments can be made and then on further tax paid 90% of this can be redrawn.

For further information please contact us at Alliotts or go to


Topics: funding Inland Revenue Department Interest rates provisional tax tax planning