Tax Traders offers the most flexible payment options in the industry.
You can fully customise payments on all of our purchase tools, to suit your client's cashflow and preferences.
On any of our purchase tools, including our Residual Income Tax (RIT) tool where a residual purchase is required, you will be directed to our Payment Options screen to set up a payment arrangement to suit.
The options include:
Single payment
Payment of the core tax and interest as a single payment.
Select a single payment date up to 75 days after your taxpayers terminal tax date. The date will default to our next standard payment date (the Thursday following the purchase processing date) however you can click Customise to edit this.
Interest upfront (finance)
Payment of the interest component of the purchase as an upfront payment with the core tax paid later, either as a single payment or split in to instalments.
Select an interest payment date and using the Customise option you can amend the core tax payment to Weekly / Fortnightly / Monthly instalments or set a single payment maturity date up to 75 days after your taxpayers terminal tax date.
Instalment plan
Payment of combined tax and interest payments set as weekly, fortnightly or monthly instalments. You can choose the frequency, the start date, the period the instalments run for or set the plan to be for a set amount.
Use the Customise button to achieve the plan you want. Note for monthly payments, the initial payment date will be the set due date for each month thereafter. You are able to alter by frequency, amount and number of transactions.
Pay as you go
For ultimate flexibility choose the pay as you go plan.
This payment plan allows your taxpayer to make payments towards their tax requirements when it suits them. They can pay as much or as little towards their plan as they like and we will just keep you updated as to the running balance. This plan suits taxpayers who may receive lump sum payments or have irregular cashflow. The interest calculation sets out a maximum charge (as if no payments are received until the final available payment date) to allow surety to your taxpayers as to the maximum total cost of the arrangement.