About this Guide

When you get a lump sum payment or “extra pay”, it can affect the amount of tax you pay. It can also affect your ACC, KiwiSaver and student loan repayments and may affect your entitlements.

When to use this guide

Lump sum payments include:

• back pay
• back-paid holiday pay
• lump sum holiday pay
• annual or special bonuses
• cashed-in annual leave
• retiring or redundancy payments
• payments for accepting restrictive covenants
• exit inducement payments
• gratuities
• employee share schemes benefits

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