IR Updates April 2025 to March 2026
- Details
Changes from April 2025
A.C.C Earners Levy
Levy increased to $1.67
Student Loans
No Changes - threshold remains at 464 pw or $24128 / no yearly pays.
KiwiSaver
ESCT / RSCT earning threshold for rates below 39% increased. (To reflect the higher Aug 2024 thresholds)
Tax Changes
Extra Pay: Tax on Grossed up amount calculated from the last four weeks can use last two pay period paid earnings instead.
This allows for irregular pay periods and for monthly employees two pays are combined instead of one.
Fringe benefit tax changes.
IR Updates Aug 2024 to March 2025
- Details
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.