How do I change the tax rate on my account?
Changing your Tax Rate
As an independent contractor on Mycare, you are self-employed and therefore responsible for your own income taxes each year.
To assist your end of year tax obligations, Mycare withholds a portion of your earnings as tax, and pays this to the IRD on your behalf. As a default this is 10%, however you may choose to withhold more tax than this to ensure you do not have a large tax bill at year end.
The IRD publishes details of individual tax rates here - anyone earning. more than $15,600 per year will have more than 10% tax to pay each year.
Increasing the tax rate withheld by Mycare
Go to your Profile (left hand menu) and the Payments Tab - and at the bottom choose the drop down menu of 'Withholding tax rate'.
