Getting information about the investment income of individual taxpayers regularly throughout the year would give Inland Revenue a better understanding of their income and when it is earned. This would enable more accurate calculation during the year of:
- the social policy payments people are entitled to receive, or
- the amount of child support or student loan repayments they are liable for.
There would be fewer people with significant amounts to repay, or receiving too little during the year when they needed the assistance.
In addition, it will provide the Government the flexibility to review the administration of the social policies that Inland Revenue administers.