From 1 April 2020, the non-declaration rate for RWT will increase.
This change means that if we do not hold an IRD number for you, any interest you earn on your Police Credit Union account will increase from 33% to 45%.
You can check if we hold your IRD number by reviewing your February Account Statement.
To ensure you're charged at the correct rate, please follow the below steps
1. Send us your IRD number
- Send us an email to firstname.lastname@example.org; or
- Send us a secure message via mobile banking or internet banking; or
- Call us on 0800 429 000
2. Let us know your tax rate
This is based on your income. You can use the below table to work out your rate.
|For each dollar of income||Tax Rate|
|Up to $14,000||10.5%|
|Over $14,000 and up to $48,000||17.5%|
|Over $48,000 and up to $70,000||30.0%|
|Remaining income over $70,000||33.0%|
If you have any further questions please contact us via email@example.com or 0800 429 000.