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.