Want to do well in NCEA? Check out my son's video 👉 [ Ссылка ]

In this video, we are going to illustrate (for educational purposes only) how a person who is earning $100,000 per year in New Zealand calculates the breakdown of their income tax.

The tax rates in New Zealand are progressive in that the first $14000 is taxed at 10.5%. The next $34,000 ($14,000 to $48,000) is taxed at 17.5%, followed by 30% for the next $22,0000 (from $48,000 to $70,000). If you are earning $70,000 to $180,000, the tax rate is 33% and for those earning more than $180,000, the tax rate is 39%.

This calculation just calculates the Pay-As-You-Earn (PAYE)tax and does not include ACC levy, student loan, and KiwiSaver contributions.

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