NZ tax rates 2026–27
Tax year 1 April 2026 to 31 March 2027. New Zealand has no tax-free threshold: tax starts from the first dollar.
Income tax rates
| Income | Rate |
|---|---|
| $0 – $15,600 | 10.5% |
| $15,601 – $53,500 | 17.5% |
| $53,501 – $78,100 | 30% |
| $78,101 – $180,000 | 33% |
| over $180,000 | 39% |
Source: IRD, Tax rates for individuals
ACC earners' levy
1.7500000000000002% of earnings up to $156,641, so at most $2,741.22 a year. Employers take it with PAYE: the PAYE amount on your payslip already includes it.
Source: IRD, ACC earners' levy rates
Independent earner tax credit (IETC)
$520 a year if your income is between $24,000 and $66,000, reducing by 13c for each dollar over $66,000 and ending at $70,000. You can't get it if you or your partner receive Working for Families, NZ Super, an income-tested benefit and some other payments. Use tax code ME to get it in each pay, or claim it at the end of the year.
Source: IRD, Independent earner tax credit
Tax codes
| Code | Use it for | Rate (incl. ACC) |
|---|---|---|
| M | Your main job | Progressive |
| ME | Main job, eligible for the IETC | Progressive, less IETC |
| SB | Second job, total income up to $15,600 | 12.25% |
| S | Second job, total income up to $53,500 | 19.25% |
| SH | Second job, total income up to $78,100 | 31.75% |
| ST | Second job, total income up to $180,000 | 34.75% |
| SA | Second job, total income over $180,000 | 40.75% |
Add SL to any code if you have a student loan (for example M SL).
Source: IRD, Payroll calculations and business rules specification 2026–27
Tax at common salaries
| Salary | PAYE incl. ACC a year | Take-home a year |
|---|---|---|
| $40,000 | $6,607.64 | $33,392.32 |
| $60,000 | $11,269.96 | $48,729.98 |
| $80,000 | $17,676.88 | $62,323.04 |
| $100,000 | $24,626.68 | $75,373.22 |
| $150,000 | $42,001.96 | $107,998.02 |
Code M, paid fortnightly, no KiwiSaver or student loan. Try your own figures in the PAYE calculator.
Rates checked 19 October 2026 against IRD for the 2026–27 tax year (1 April 2026 – 31 March 2027). How we calculate · Sources · Accuracy tests · Report an error
Estimate for information only, based on New Zealand 2026–27 rates. Not tax or financial advice. Your payslip may differ (for example tax code, benefits or other deductions).