Find out what you have to do to make repayments to your loan if you earn a salary or wage in New Zealand.

Once you're earning over the student loan repayment threshold, you'll need to start making repayments towards your student loan. You'll need to tell your employer you have a student loan and choose the correct tax code to give them.

You can make extra repayments at any time. This will mean you can repay your loan faster. Check out what your payments will be with the student loan repayment calculator. Work out how long it will take to pay off your loan if you pay more than the minimum.

You can also choose to pay off your loan in full at any time.

What your employer will do

As long as you're earning above the repayment threshold, your employer will deduct student loan repayments from your pay. If your income drops below the threshold, your employer will stop your repayments.When your loan has been repaid in full, you'll need to tell them your new tax code so they don't take any more student loan deductions from your pay.

What happens at the end of the tax year

If you receive a personal tax summary (PTS) you’ll also receive an end of year repayment calculation (EYRC) for your student loan. This will show how much you needed to pay and if you’ve paid too much or if you owe anything.

If you change from earning a salary or wage to being self-employed

If you change to being self-employed during the tax year, the repayments from your pay will stop. Find out what you'll need to do for the rest of the year.

If you're a shearer, casual agricultural worker, or contractor earning schedular payments (formerly withholding payments)

Repayments won't be deducted from your income before you get it so you'll need to use the same repayment method as self-employed people.

Find out about all the different ways you can make a repayment.