The $0 NZ tax and KiwiSaver cheat-sheet
Everything on your payslip, on one page. Every number here comes from Inland Revenue and is the same one our calculators use. Print it or save it.
1. Income tax
Each rate only applies to the slice of income inside that band.
| Income slice | Rate |
|---|---|
| $0 to $15,600 | 10.5% |
| $15,601 to $53,500 | 17.5% |
| $53,501 to $78,100 | 30% |
| $78,101 to $180,000 | 33% |
| Over $180,000 | 39% |
2. Your tax code
| Code | Who it is for |
|---|---|
| M | Main job, no student loan |
| M SL | Main job, with a student loan |
| SB | Second job, total yearly income up to $15,600 |
| S | Second job, $15,601 to $53,500 |
| SH | Second job, $53,501 to $78,100 |
| ST | Second job, $78,101 to $180,000 |
| SA | Second job, over $180,000 |
3. ACC earners levy
1.75 cents per dollar earned, up to $156,641 of earnings. The most anyone pays in a year is $2,741.22. It comes out with your tax.
4. KiwiSaver
From 1 April 2026 the minimum is 3.5% of your gross pay from you, and at least 3.5% from your employer. You can choose 4%, 6%, 8% or 10%. Your employer does not have to match anything above the minimum.
5. Student loan
With a salary, use code M SL. You repay 12 cents of every dollar above $24,128 a year ($464 a week).
Quick example: $60,000 salary
| Line | Per year |
|---|---|
| Income tax | $10,220.50 |
| ACC levy | $1,050.00 |
| KiwiSaver (3.5%) | $2,100.00 |
| Student loan (if you have one) | $4,304.64 |
Try the take-home pay calculator or check your payslip.
General information, not financial advice. Rates are checked against Inland Revenue and updated each April. Last checked 2 October 2026.