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IR Updates Aug 2024 to March 2025

Details

Last Updated: Thursday, 06 March 2025 15:26

Changes from August 2024

A.C.C Earners Levy

No Changes

Student Loans

No Changes

KiwiSaver

No Changes

Tax Changes

From 31st July 2024 the earnings thresholds are updated to:
$0 to $15,600 at 10.5% (was to $14,000)
$15,601 to $53,500 at 17.5% (was to $48,000)
$53,501 to $78,100 at 30% (was to $70,000)
$78,101 to $180,000 at 33% 
Over $180,000 at 39%

Earner Rebate (ME code) thresholds:
$24,000 to $66,000 (was to $44,000) for $10 less tax.
$66,001 to $70,000 (was to $48,000) proportional down to zero

Extra Pay continues at previous April 2024 thresholds.

IR Updates 2024

Details

Last Updated: Monday, 24 June 2024 16:23

Changes from April 2024

Minimum Wage Rates

Adult wage raised to $23.15 p.h.

Training wage raised to $18.52 p.h.

A.C.C Earners Levy

Max earnings threshold raised to $142,283

Levy rate increases to $1.60 (inc) per $100.0

Student Loans

Earnings threshold increases to $464 per week ($24,128 P.A)

KiwiSaver

No Changes

Pay-Day Filing

EMS 348 filing removed.

Tax Changes

From 30th June 2024 it is expected that the earnings thresholds will be updated.
Annualised calculation for Extra Pay confirmed to remain at last four weeks earnings.