I've got this query with the Harmoney team as well, but would be interested if this group has a solution.

I've started investing in some Payment Protection loans. Harmoney has provided some guidance on their view of the tax (https://www.harmoney.co.nz/payment-protect/lenders).

However the challenge I have is that I can't find the data in the monthly statements.

For example,
  • At draw-down the Payment Protect Fee is added to the principle, as the loan is re-payed, it comes back as part the principle and can't separate principle from the Payment Protect Fee which taxable over the term.
  • Sales Commission at commencement of loan does not appear to show up
  • Management Fee at commencement of loan does not appear to show up (Sales Commission vs Management Fee have different tax treatments, so need to be separated).


How are other people dealing with this?