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Ngā pāpātanga tāke mō te tangata Tax rates for individuals

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What are income tax rates?

Income tax rates are the percentages of tax that you must pay.

The rates are based on your total income for the tax year. Your income could include:

  • salary or wages
  • a Work and Income benefit
  • schedular payments
  • interest from a bank account or investment
  • earnings from self-employment
  • money from renting out property
  • overseas income.

Some income is taxed before you get paid. This includes salaries, wages, Work and Income benefits, schedular payments and interest. The amount of tax your employer or payer deducts depends on the tax code and income information you gave them.

You might get a refund or have tax to pay at the end of the tax year if you've been taxed at the wrong rate during the year. It's important to use the correct tax code.

Other income is not taxed before you get paid. This includes income from self-employment or renting out property, and some overseas income. You pay tax on this income at the end of the tax year. The amount of tax you pay depends on your total income for the tax year.

Which tax rate applies to me?

New Zealand has progressive or gradual tax rates. The rates increase as your income increases.

Income tax rates

For each dollar of income Tax rate
Up to $14,000 10.5%
Over $14,000 and up to $48,000 17.5%
Over $48,000 and up to $70,000 30%
Remaining income over $70,000 33%
5 MINS
Tax on annual income calculator

This calculator will work out income tax rates from 2009 to 2019

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Weekly and fortnightly PAYE deduction tables - Tax tables for pay periods between 1 April 2019 and March 2020 IR340 (PDF 623KB) Download form Four-weekly and monthly PAYE deduction tables - Tax tables for pay periods between 1 April 2019 and March 2020 IR341 (PDF 788KB) Download form