If you have recently returned to New Zealand, and you have a student loan debt, have you worked through the implications for the debt? These include:
- Letting the IRD know (if you don't have MyIR we recommend setting it up at the same time).
- Future ordinary interest should come to an end. For some people this will make enough difference so that they can get the debt under control.
- If you have overdue debt it still needs to be dealt with ASAP . The IRD has greater powers to force you to pay if you are living in NZ.
- If an NZ bankruptcy was an option you were considering, the implications are more serious if you live in NZ and there will be fewer people for whom this might be a realistic option.