Work out your tax code
Question 7a
If your highest source of income (your main job) is over the current student loan repayment threshold ($18,148 for the period 1 April - 31 March), read the table below.
| If your total annual income is likely to be ... | then your tax code is ... |
|---|---|
|
$40,000 or less |
S SL. You can download an IR330 or complete it online - go to "Forms and guides". |
|
between $40,001 and $70,000 |
SH SL. You can download an IR330 or complete it online - go to "Forms and guides". |
|
over $70,000 |
ST SL. You can download an IR330 or complete it online - go to "Forms and guides". |
Definition
Your main source of income comes from the job that pays you the most. If you have two jobs that pay the same amount, you may choose which one is your main source of income.
Example
Anne has a job earning $1,164 a fortnight ($30,264 a year) and has a student loan. She starts a second job, earning $268 a week ($13,936 a year).
Her total annual income is $44,200.
Anne is completing a Tax code declaration (IR 330) for her second job. As her total annual income is between $40,001 and $70,000 she would select the SH SL tax code.
Find out more about special tax codes.
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Note
We've provided this decision tree to help you work out your tax code. We welcome your feedback on how useful you found it.
Date published: 27 Sep 2008
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