I am about to turn 63 and have a low income mainly derived from my share portfolio dividends and some schedular payment work.
In my last IR3 IRD return I had for the first time "excess imputation credits carried forward"
It appears that that these can be used against future income to decrease my tax liability, and not for anything else.
In my case it is most likely that I will have more surplus imputation credits this year to add to the current ones.

When I reach 65 and receive the pension, would I be able to start writing the excess credits off against my pension income?
I have been told by the IRD that when I die the credits will be used in my final summary of finances or if they still exist after that they will cease to exist.
It almost seems a waste not to use them up somehow.

Cheers in advance.