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Find out how much tax you pay and the right tax code to use.
How much tax do I pay?
For every $1 of taxable income you earn, you pay the following rates of tax:
What else do I pay?
You also pay an ACC earners' levy of 1.3 cents per dollar. This levy is collected by Inland Revenue on behalf of the Accident Compensation Corporation (ACC), to cover the cost of non-work related injuries.
If you have a student loan you will also need to repay 10 cents in every dollar you earn over the repayment threshold.
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What is a tax code?
Your tax code is what determines how much tax is deducted from your income. The tax code that you will need to use depends on how many sources of income you have, and whether you have a student loan.
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How will I know what tax code to use?
When you start a job you need to complete a Tax code declaration form (IR330). If you don't complete this form you will be taxed at a higher 'non declaration' rate of 45c in the dollar.
The form will help you work out what tax code you should use.
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What if I have more than one job?
Generally if you have more than one job, you should use a secondary tax code for all jobs other than your main job.
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When should I use a special tax code?
Sometimes when you use a secondary tax code you could be taxed at too high a rate. Instead you may qualify for a special tax code.
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