Deductions from salaries and wages: Student loan payment deductions
Deducting student loan repayments
Some employees may need to make repayments to Inland Revenue for a student loan. If they earn over the repayment threshold they will need to choose a student loan (SL) tax code on their Tax code declaration (IR330).
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If we identify your employee is using the wrong tax and/or student loan repayment code, we'll write to you asking you to change it. We'll tell you which employees are using incorrect tax codes and let you know which code they should be on. | |
How do I find out the amount to deduct?
Based on your employee's tax code, the PAYE deduction tables show you the amount to deduct for:
- PAYE, and
- student loan repayments.
How do I work it out?
You can go to Work it out> to use the PAYE /KiwiSaver calculator and calculate tax deductions from an employee's gross wages, this includes student loan deductions.
Find out more
See Student loans for more information about student loan repayments.
Date published: 08 Sep 2008
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