Advanced PAYE Calculator
New Rates Effective from 1 April 2025
| (Enter your annual salary, e.g. 60000) | |
| (Enter your secondary annual gross earnings) | |
| (How often you get paid. SL= Student Loan, FP= Final Pay) | |
Glossary
Total Gross Earnings: The full annual income before any deductions, including salary or wages.
Tax: Calculated based on progressive NZ tax brackets applicable to your gross earnings.
KiwiSaver: A retirement savings scheme with contribution rates selected from the available options.
Student Loan (SL): A deduction calculated at 12% on earnings above a threshold of $20,280.
ACC Levy: A fixed rate deduction for accident compensation coverage (currently $1.67 per $100 of earnings).
Take Home Pay: The net income after all deductions including tax, KiwiSaver, Student Loan, and ACC Levy.
Secondary Income: Additional annual income taxed on a marginal basis by comparing the tax on the combined income versus primary income alone.
Final Pay / AL Payout (FP): This is a one-off payment you receive upon resignation, combining your accrued annual leave value with your gross earnings. The additional tax on this lump sum is calculated separately from regular income.
Kiwi Money Matters is written and maintained by a New Zealand-based writer with hands-on experience in finance and accounting since 2015.
All posts are personally researched, written to ensure clarity and trustworthiness for everyday Kiwis.
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