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There is info on IRD website.
Short trip overseas - up to 6 months:
As long as you've been in New Zealand for 6 months (183 days) or more before going overseas, your student loan will remain interest-free. The interest charged on your loan will automatically be written off.
If you earn any money while you're overseas you'll need to let us know after the end of the tax year (31 March). This is because you're still considered to be a New Zealand-based borrower and you'll still need to make repayments based on your worldwide income.
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In most cases you'll no longer have an interest-free loan if you go overseas for longer than 6 months (184 days), or for more than 31 days during your 183-day qualifying period.
You could still be eligible for an interest-free student loan while you're away by applying for an exemption if you fit any of the following criteria:
* unexpected delay returning to New Zealand
* unplanned absence
* studying full-time overseas
* living in Niue, Cook Islands, Tokelau or Ross Dependency
* working overseas for the New Zealand Government
* working for a New Zealand company overseas
* working as a volunteer overseas
* accompanying your partner overseas
* applying for an interest-free loan |
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