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.