🇳🇿 New Zealand Income Tax Calculator
Calculate New Zealand PAYE income tax with progressive rates 10.5%-39%, ACC earners' levy (1.46%), KiwiSaver voluntary contributions (3-10%), and student loan repayments (12% over $22,828) under IRD.
M for primary employment, SB for second jobs
Employer matches minimum 3%. Government also contributes.
New Zealand Income Tax Calculator
Enter your gross income and tax details to calculate your net salary.
Understanding New Zealand Tax
PAYE Tax
Pay As You Earn - progressive tax from 10.5% to 39% with no tax-free threshold.
KiwiSaver
Voluntary retirement savings scheme. You contribute 3-10%, employer matches minimum 3%.
ACC Levy
Accident Compensation Corporation levy (~1.46%) provides no-fault injury cover.
2024/25 PAYE Tax Rates
New Zealand uses progressive tax rates with no tax-free threshold.
Other Deductions
Additional contributions and levies that may apply.
- 1.46%ACC Earners' LevyMandatory accident compensation insurance for all earners.
- 3-10%KiwiSaverOptional retirement savings. Employer contributes minimum 3%.
- 12%Student LoanRepayment on income over $22,828 annually.
Frequently Asked Questions
What tax code should I use?
Use 'M' for your main job, 'ME' if you have a student loan, 'SB' for a second job, and 'S' if you're self-employed. Using the wrong code can result in under or over-payment of tax.
Is KiwiSaver mandatory?
KiwiSaver is not mandatory, but you're automatically enrolled when starting a new job. You can opt out within 8 weeks. If you stay in, you contribute 3-10% and your employer matches at least 3%.
Why is there no tax-free threshold in NZ?
Unlike many countries, New Zealand taxes income from the first dollar. However, the lowest rate of 10.5% is relatively low, and the progressive system means most income is taxed at moderate rates.
How do student loan repayments work?
If you have a student loan, 12% of every dollar earned above $22,828 per year is automatically deducted. This applies to NZ-based borrowers; overseas-based borrowers have different repayment obligations.