You must use a tax code that includes the "SL" repayment code if you're working for salary or wages.
Student loan video now available
Check out our student loan videos to help you better understand your repayment obligations whether you're living in New Zealand or overseas. Each video is just over a minute long - brief enough to get the basics right.
Studying full-time and working?
You can apply for a repayment deduction exemption if you're a full-time student and expect to earn less than $19,084 in the tax year. This means you don't have to add "SL" to your tax code or have repayment deductions from your salary or wage.
Got two jobs and a student loan?
If you find that student loan deductions from your second job are too high and you meet certain criteria, you may be able to apply for a reduced special deduction rate. The reduced rate will help ensure you're making the right student loan repayments on your secondary income.
Student loan statements
We're changing how often we issue student loan statements. You'll now receive a yearly statement in May. If you get payments from StudyLink or have overdue payments, you'll receive more statements.
Our myIR Secure Online Services is the easiest way for you to stay in contact. You can check your balance and keep your contact and NZ bank account details up-to-date. You can ask us to send you a statement any time.