Wait, is there really nothing for me to pay? Correct, you pay nothing more. Mercy Hospice pays TaxGift a small fee for its services.
How does this impact my accountant? Signing up to TaxGift appoints TaxGift as your tax agent solely for the purpose of gifting your tax credits back to Mercy Hospice. And rest easy, choosing to TaxGift does not affect any other tax agents that you might have (for example, if you have an accountant who does your tax returns).
Are there any special conditions I need to satisfy? You must be an individual New Zealand tax resident who has earned taxable income in the relevant tax year to be eligible for the tax credit and you can opt out of TaxGift at any time by emailing their friendly team. Visit the TaxGift website for more information.