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Submission: On September 09 via manual from NZ — Scanned from DE
Submission: On September 09 via manual from NZ — Scanned from DE
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MORE OPTIONSAGREE NEW: See how much you could be earning with Average Salary PAYE.net.nz New Zealand's Best PAYE Calculator PAYE Calculator Budget Savings Net Worth Retirement More Calculators & Tools GST Calculator Investment Calculator Seek Salary Average Salary Other Random Bits & Pieces FAQ Contact Advertising License User Profile PAYE CALCULATOR Auto Hour Week Fortnight Month Year KiwiSaver Student Loan Secondary Income Calculate Options General PAYE ACC KiwiSaver Student Loan IETC Payroll Giving Payments Secondary Advanced GENERAL WORKLOAD Hours worked per week Enable Proration Full-time equivalent hours ADDITIONS Add holiday pay for casual workers Holiday Pay Rate (%) Add percentage based payrise Payrise (%) Close PAYE # OF THRESHOLDS & TAX TIERS 4 5 Recommended THRESHOLDS & TAX RATES Income Threshold Tax Rate Close ACC ACC Levy ACC Income Cap Close KIWISAVER Opt In To KiwiSaver 3% 4% 6% 8% 10% Custom Salary Sacrifice Employer Contribution (%) Close STUDENT LOAN Apply student loan repayments Student loan rate Student loan threshold Close IETC Enable Independent Earner Tax Credit Annual Credit Minimum Threshold Reduction Point Maximum Threshold Close PAYROLL GIVING Enable Payroll Giving Donation Amount Donation Frequency Week Fortnight Month Year Tax Credit (cents per dollar donated) Close PAYMENTS Enable Child Support Child Support Amount Child Support Frequency Week Fortnight Month Year Protected net earnings (%) Enable Court Fines Court Fines Amount Court Fines Frequency Week Fortnight Month Year Enable Other Payments Other Payments Amount Other Payments Frequency Week Fortnight Month Year Close SECONDARY INCOME Calculate as Secondary Income Total annual income from other sources Close ADVANCED COMBINE PAYE & ACC Show subtotal INCOME AUTO FREQUENCY THRESHOLDS Hourly Threshold Weekly Threshold ACCURACY Decimal Places WEEKS IN A YEAR 52 Recommended 365/7 Custom RESET RATES 2022-20232021-20222020-20212019-20202018-2019 Apply Rates Close Your income was calculated as hourly. If it was supposed to be weekly, click the button below: Calculate as Weekly Income Display results as... Hour Week Fortnight Month Year Hour Week Fortnight Month Year Gross Pay — — — — — PAYEIETC — — — — — ACC — — — — — PAYE + ACC — — — — — KiwiSaver — — — — — Student Loan — — — — — Payroll Giving — — — — — Child Support — — — — — Court Fines — — — — — Other Payments — — — — — Take Home Pay — — — — — An Independent Earner Tax Credit (IETC) of $ has been applied. This reduces the amount of PAYE you pay. It also changes your tax code. If you don't qualify for this tax credit, you can turn this off under the IETC settings. M Tax Code Take Home Pay / Gross Take Home Pay / Week Save to Profile Add to Budget Annual Gross Pay Annual Take Home Pay Effective Tax Rate Tax Code Annual Gross Pay Annual Take Home Pay Effective Tax Rate FAQ Why is my PAYE value different compared to the IRD calculator? By default, this calculator applies the Independent Earner Tax Credit (IETC) for incomes which would qualify. The IRD calculator does not include this. You can disable this under the IETC settings. This calculator also splits PAYE and ACC into two separate values. The IRD calculator combines these. If you want them combined, there is a setting under the advanced tab or you can apply it in your User Profile. Why is my weekly/hourly income is being calculated as hourly/weekly instead? The calculator tries to guess whether your income is hourly or weekly. If it's wrong, you can adjust the threshlolds under the Advanced settings. What are the PAYE tax tables? Below are the PAYE tax rates for 2022-2023. Income Tax Rate $0 - $14,000 10.5% $14,001 - $48,000 17.5% $48,001 - $70,000 30% $70,001 - $180,000 33% $180,001 + 39% Can I change the tax rates to a different year? If you know the rates, you can adjust all of the individual settings. For more recent years, you can set the year under the Advanced settings. Can I combine PAYE and ACC as a single value? You can enable a subtotal view of these values under the advanced settings tab or in your User Profile Settings. When enabled, it will then appear on the results table. How do I calculate tax on secondary income? Check the "secondary income" box. In the Secondary settings, put the gross value of all of your other income (including primary income) into the box. Then calculate the secondary portion. How do I calculate a pro-rated salary? * Enter the full time salary in the main income box * Open the "General" options * Enter the reduced number of hours you will be working in "Hours worked per week" * Check the "Enable Proration" checkbox * Enter the "Full-time equivalent hours" * Press the "Calculate" button What is the Independent Earner Tax Credit (IETC)? A tax credit for salary or wage earners whos income is within a certain band and who do not collect any other credits from the government. To see if you qualify and for more information, visit the IRD website. What is "salary sacrifice" with KiwiSaver? Some employers may quote you a "package" salary which includes their contribution to your KiwiSaver. This reduces your gross pay to compensate their obligation to contribute to KiwiSaver. So the result is you pay for both portions towards KiwiSaver - your contribution and your employers contribution. You can enable this on the PAYE Calculator under the KiwiSaver options. What is "Payroll Giving"? Payroll Giving is the system used to donate to registered charaties directly through your payroll provider at the time you get paid. The advantage of donating via this method is that you don't need to claim a rebate at the end of the tax year, the tax credits are automatically applied in the pay run. Why is the month value not equal to double the fortnight? Not every month has exactly four weeks, so we use different maths. 1 year / 26 fortnights 1 year / 12 months What is the minimum wage? The adult minimum wage is $21.20. The starting-out and training minimum wage is 80% of the adult minimum wage or $16.96. There is no minimum wage for employees under 16 years of age. How do I find my tax code? Your tax code is displayed when calculating your take home pay. Ensure you enable all of the appropriate settings for your situation, such as: Student Loan and/or Secondary Income if applicable. Auto-calculation is annoying, how do I stop it? The PAYE Calculator will auto calculate your saved Main gross salary. You can change the calculation by saving a new Main income. To stop the auto-calculation you will need to delete your saved PAYE Calculator data from your User Profile settings. Can I auto-calculate via the URL? Yes, you can use specially formatted urls to automatically apply variables and auto-calculate. * Income q=[number] required This is required for the link to work. It can be any hourly, weekly or annual before tax income. * KiwiSaver k=[number] optional The percentage you contribute towards KiwiSaver. The default assumes you have opted out. * Student Loan l=y optional Apply this if you have a student loan. The default assumes you don't have a loan. * Hours worked per week h=[number] optional The default assumes you work 40 hours per week. For example, if you earn $42 per hour, work 45 hours per week, have a student loan and contrubte 3% towards KiwiSaver your URL would look like https://www.paye.net.nz/calculator/?q=42&h=45&l=y&k=3 Can you buy a property? Check with our free online snapshot. Online Mortgage Snapshot QUICK POLL HOW WOULD YOU DESCRIBE YOURSELF? Employer Employee Self employed Student Retired Unemployed Vote Give feedback You need to insert an income before you can calculate! The rates for have been applied. Your profile has been updated WHAT NEXT... Return User Profile Budget FINANCIAL TOOLBOX PAYE Calculator Budget Savings Net Worth Retirement User Profile OTHER TOOLS GST Calculator Investment Calculator Seek Salary Average Salary BITS & PIECES FAQ Contact Advertising License Changelog NETWORK ATOPAYG.com Best Payroll NZ Mortgage Broker SOCIAL SUBSCRIBE TO UPDATES Join Dark Mode Copyright © 2002-2022 | PAYE.net.nz Privacy Policy Feedback