Student loans Dates
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MAR 31Overseas-based student loan repayment due if you do not have a temporary repayment suspension.
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APR 7End-of-year student loan repayments are due if you have a tax agent with a valid extension of time.
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MAY 8Interim student loan repayments are due. They count towards your end-of-year repayment obligation.
You can apply for a special deduction rate to reduce your student loan repayments if you:
- have more than 1 job, including an income-tested benefit, student allowance or NZ Super
- use the SB SL or S SL tax code for your secondary job
- earn less than the repayment threshold from your main job.
Apply for a special deduction rate in myIR
You'll find the student loan special deduction rate application in your student loan account in myIR. When you apply, you'll need to let us know:
- an estimate of your total earnings from your main and secondary jobs
- how often you are paid for each job.
Your special deduction rate will be valid from the day you applied until the end of the current quarter. Because of this you need to apply for a new rate each quarter. We suggest you apply before the next quarter starts to make sure you get the rate for the full quarter.
Contact us if your situation changes
If your situation changes, your special deduction rate may need to change so you can avoid paying too much, or not enough, to your student loan. Send us a message in myIR to explain the changes in your situation so we can check if your special deduction rate is still ok or if it needs to be updated.
Quarter start and end dates
| Quarter start date | Quarter end date |
|---|---|
| 1 April | 30 June |
| 1 July | 30 September |
| 1 October | 31 December |
| 1 January | 31 March |
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