💰 NZ Tax Calculator 2024 💸
Calculate your income tax, KiwiSaver, student loan, and take-home pay
Enter Your Details
New Zealand Tax Rates 2024
| Income Range | Tax Rate | Tax on This Income |
|---|---|---|
| Up to $14,000 | 10.5% | 10.5c per $1 |
| $14,001 – $48,000 | 17.5% | $1,470 + 17.5c per $1 over $14,000 |
| $48,001 – $70,000 | 30% | $7,420 + 30c per $1 over $48,000 |
| $70,001 – $180,000 | 33% | $14,020 + 33c per $1 over $70,000 |
| Over $180,000 | 39% | $50,320 + 39c per $1 over $180,000 |
Your Tax Results
Enter your details to calculate your tax and take-home pay
How Your Tax is Calculated
New Zealand uses a progressive tax system with different rates applying to portions of your income. Our calculator:
- Applies the correct tax rates for each income bracket
- Accounts for KiwiSaver contributions (if applicable)
- Includes student loan repayments (if applicable)
- Shows your effective tax rate
Understanding NZ Tax System
New Zealand’s tax system is relatively straightforward compared to many other countries, but there are still important nuances to understand.
Key Features of NZ Tax:
- Progressive tax rates: Higher income earners pay higher rates on portions of their income
- No separate social security tax: Unlike many countries, NZ doesn’t have a separate social security tax
- ACC levies: Accident Compensation Corporation levies are included in some taxes
- No capital gains tax: Generally, capital gains aren’t taxed (except for investment properties)
- No local income taxes: All income tax goes to the national government
Common Deductions:
While NZ has fewer deductions than some countries, you may be able to claim:
- Donations to registered charities
- Work-related expenses (if not reimbursed by employer)
- Cost of income protection insurance
- Certain investment expenses
Need Help With Your Taxes?
For personalized tax advice or complex situations, visit the official Inland Revenue website.
Visit IRD WebsiteFrequently Asked Questions
Your marginal tax rate is the rate you pay on your last dollar of income. Your effective tax rate is the average rate you pay on all your income, which is always lower than your marginal rate in a progressive system.
Most salary and wage earners in NZ don’t need to file a return unless they have other income. Self-employed people and those with secondary income typically need to file by July 7 each year.
KiwiSaver contributions are deducted from your after-tax pay (unless you’re on a contributions holiday). The government and your employer may also contribute to your KiwiSaver account.
For 2024, you repay 12% of every dollar earned above $22,828 (before tax). This applies to both NZ-based and overseas-based borrowers.
No, bonuses are taxed as ordinary income. They may appear to be taxed more when paid because they’re typically taxed at a higher withholding rate, but this balances out when you file your return.