You are a contractor. Contract work provides greater independence and, for many people, a greater perceived level of job security than traditional employment - you can work the hours that suit you and your lifestyle best.

As a contractor, you are receiving schedular payments which is subject to withholding tax.

Withholding tax is a type of income tax deduction. It helps people to pay tax on all their income, not just salary or wages. When someone earns income from interest, contract work or other sources that are not salary or wages, there are some situations when the payer must withhold tax from that income and pay it to Inland Revenue on the person's behalf.

You can choose your tax rate or use the standard rate of 20% which is recommended. After Inland Revenue assess your filed IR3. For any over deducted income tax, you will receive tax refund from Inland Revenue. For any shortfall income tax liabilities, you will be required to pay as per IRD assessment.

Yes, If you do not have a tax agent, prepare your personal income tax return (IR3) by 7 July of the year via MyIR https://www.ird.govt.nz/

If you have a tax agent, provide your personal income and expenditure information to your tax agent. You normally receive extension on filing, if so the income tax return due date will be 31 March in the following year instead of 7 July of the year.

As an independent contractor, you are not automatically enrolled in KiwiSaver, and will have to join a scheme yourself if you choose to enrol. This also means you are not entitled to employer contributions.

Absolutely! You can stay on our database or join our database and list yourself as “Inactive”. The benefit of being with ECE Teacher, is YOU are in control.