New Zealand Tax Cheatsheet 2026–27
Your free key rates & allowances, thanks for subscribing!
Inland Revenue (IRD) applies these figures for the New Zealand tax year, unlike the UK or Ireland, there's no tax-free personal allowance, so tax is due from your very first dollar.
| Allowance / Band | Amount | Notes |
|---|---|---|
| Tax-Free Threshold | None (from $1) | NZ has no tax-free personal allowance |
| Tax Band 1 | Up to $15,600 | 10.5% |
| Tax Band 2 | $15,601 – $53,500 | 17.5% |
| Tax Band 3 | $53,501 – $78,100 | 30% |
| Tax Band 4 | $78,101 – $180,000 | 33% |
| Tax Band 5 | Over $180,000 | 39% |
| ACC Earner Levy | 1.75% up to $156,641 | Maximum levy $2,741.22; funds accident compensation cover |
| KiwiSaver (employee minimum) | 3.5% of gross pay | Matched by employer at 3.5% minimum |
| KiwiSaver Government Contribution | Up to $260.72/year | 25c per $1 contributed, up to $1,042.86 |
| Independent Earner Tax Credit (IETC) | Up to $520/year ($10/week) | Full credit from $24,000 to $66,000; reduces 13c per $1 above $66,000 and ends at $70,000 |
| Student Loan Repayment | 12% over $24,128 | $464 weekly / $928 fortnightly threshold |
Want to see what these bands mean once ACC levies and KiwiSaver are factored in? Try our Salary Calculator or Savings Goal Calculator
For informational purposes only, not tax advice. Figures apply to the 2026–27 NZ tax year and may change.
