Baqir Hussain

The other credits is what is known as an independent earner tax credit.

If you're earning between a certain threshold,

then you get a certain credit from the IRD on tax that you've paid, you get that back.

Another common one, working for families, tax credits.

And one of the recent announcements from the government, for example, is one component of that, which is the in-work tax credit,

That's gone up by roughly $50 a week because of the recent fuel crisis that we're in.

And then there's a third category is what we call deductions.

And so as an individual, if you are investing in shares, because I know you talk a lot there.

We love shares.

Yes.

And if you're borrowing money to invest, then the interest on that

is claimable as an expense the assumption is that the income you earn from that investing is taxable and again if you are investment uh doing investments into anything else as an individual and sometimes you get charged commissions or or broker fees that's also claimable as an expense is there a type of person that is probably leaving money on the table and not knowing about it

Yes.

When it comes to the salary earner and most people in New Zealand, from experience, I've seen them not claim as many donations as I'd like to see.

Some of the reasons to that that I'm told is, oh, we've donated it.

We don't want to even claim it back.

What's gone is gone.

And what I tell them is not only should you claim it back,

but you should also then give it back to the charity that you want to donate.

Exactly.