NZ take-home pay calculator
Type in your pay before tax and see what lands in your bank account, after income tax, ACC, KiwiSaver and student loan.
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What comes out of your pay
Four things can come out of your gross pay before it reaches your bank account: income tax, the ACC earners levy, your KiwiSaver contribution, and student loan repayments. Everything else you might see on a payslip, like union fees or a staff scheme, is extra.
Income tax rates, 2026-27
These are the same rates as last year. Each rate only applies to the slice of your income inside that band.
| Income slice | Tax 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% |
ACC earners levy
1.75 cents for every dollar you earn (including GST), up to a maximum of $156,641 of earnings, so the most anyone pays in a year is $2,741.22. It pays for accident cover and is taken out with your tax.
KiwiSaver
From 1 April 2026 the minimum is 3.5% of your gross pay, and your employer has to put in at least 3.5% as well. You can choose 4%, 6%, 8% or 10% for yourself. Your employer does not have to match anything above the minimum. Your contribution comes out of your pay after tax.
Student loan
If you have a student loan and a salary, ask for the tax code "M SL". You repay 12 cents of every dollar you earn above $24,128 a year (that is $464 a week). Your repayments come out through payroll.
Which tax code should I be on?
| Code | Who it is for |
|---|---|
| M | Your main job. No student loan |
| M SL | Your main job, with a student loan |
| SB, S, SH, ST, SA | A second job or other income. The code depends on your total yearly income: SB for up to $15,600, S up to $53,500, SH up to $78,100, ST up to $180,000, SA above that. Add SL if you have a student loan |
If you do not give your employer a tax code at all, they have to deduct tax at 45%. Fill in an IR330 form to avoid that.
What this calculator does not cover
It assumes one main job with the same pay all year, tax code M or M SL, and no extra income. It does not include Working for Families, Independent Earner Tax Credit, bonuses taxed at a special rate, or a secondary job. It also leaves out the Government's KiwiSaver contribution, which goes into your account, not your pay.
Questions people ask
How much tax will I pay on $70,000 in NZ?
On $70,000 a year, income tax is $13,220.50 and the ACC earners levy is $1,225, so about $14,445.50 comes out before KiwiSaver or any student loan repayments.
What is the ACC earners levy?
It pays for accident cover in New Zealand. For 2026-27 it is $1.75 for every $100 you earn, up to a maximum of $156,641 of earnings. It comes out of your pay along with your tax.
What is the minimum KiwiSaver contribution in 2026?
From 1 April 2026 the minimum is 3.5% of your gross pay for you, and at least 3.5% from your employer. You can choose 4%, 6%, 8% or 10%.
How much student loan do I repay from my pay?
12 cents of every dollar you earn above $24,128 a year (about $464 a week), once you are on tax code M SL.
What is the 45% tax rate?
If you do not give your employer a tax code, they have to deduct tax at 45%, called the non-declaration rate. Give them a tax code on an IR330 form to fix it.
Are the tax brackets changing in 2026?
Not for 2026-27. The rates are the same as 2025-26: 10.5%, 17.5%, 30%, 33% and 39%. The ACC levy and the KiwiSaver minimum did go up from 1 April 2026.
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Sources: IRD: about tax codes, IRD: tax rates for individuals, IRD: ACC earners' levy rates, IRD: repaying a student loan from salary or wages, Moore Markhams: payroll changes from 1 April 2026.