Student Loan Debt, New Zealand
  • Home
  • Testimonials
  • Options
  • Planning
  • Blog
  • About
  • Contact

Overseas Student Loan Borrowers

12/12/2013

 
We have been contacted by many student loan borrowers living overseas who have been shocked to receive an IRD demand reversing years of interest write offs. One of our clients was told that it was her fault as she was supposed to have told the IRD when she went overseas, however, another of our clients had told IRD that he was going overseas and it was the IRD’s mistake that led to interest not being charged when it should have been. The IRD tried to pursue him for penalties and interest arising from their mistake.

What we have seen recently is that the IRD is on a huge data matching drive to catch overseas based student loan borrowers who have not been charged interest. Generally if you have been living overseas, interest will apply, and if you have been living in New Zealand interest will not apply, however, there are exceptions. For example there have been amnesties in the past. Also, if you can show that you have maintained an enduring relationship with New Zealand when you lived overseas it might be possible for you to qualify as a zero interest New Zealand based borrower. It is also important to remember that the IRD makes mistakes and you need to carefully check anything that they send you.

If you have received a letter from the IRD advising of a timeframe to respond to an overseas interest bill, it is very important that you provide any response within the timeframe or you may not be able to do anything about it. Please talk to us if you need help.


Comments are closed.

    Archive

    January 2019
    December 2018
    November 2018
    October 2018
    September 2018
    August 2018
    July 2018
    June 2018
    May 2018
    April 2018
    March 2018
    February 2018
    January 2018
    December 2017
    November 2017
    September 2017
    July 2017
    May 2017
    April 2017
    March 2017
    February 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    June 2016
    April 2016
    January 2016
    November 2015
    September 2015
    August 2015
    July 2015
    June 2015
    May 2015
    April 2015
    March 2015
    February 2015
    January 2015
    December 2014
    November 2014
    October 2014
    September 2014
    June 2014
    May 2014
    April 2014
    March 2014
    February 2014
    January 2014
    December 2013
    September 2013
    August 2013
    July 2013
    June 2013

 ______________________________________________
© Student Loans Limited.  Email: help@studentloan.org.nz.