NZ Income Tax Calculator (2026/27 and 2025/26)
New Zealand income tax by bracket for 2026/27 or 2025/26 — tax on each band, ACC earners’ levy, Independent Earner Tax Credit, optional KiwiSaver and student loan, take-home pay per week, fortnight and month, your tax code, and effective and marginal rates.
How it works
Tax = 10.5% × first $15,600 + 17.5% × next $37,900 + 30% × next $24,600 + 33% × next $101,900 + 39% × remainder − IETC · ACC = 1.75% of earnings up to $156,641 (2026/27) · Take-home = income − tax − ACC − KiwiSaver − student loan
New Zealand taxes individuals on a progressive scale with no tax-free threshold. Every dollar from the first is taxed at 10.5%, and the rate steps up through 17.5%, 30%, 33% and 39% as income crosses each bracket. The brackets set on 31 July 2024 apply to both 2025/26 and 2026/27. The ACC earners’ levy is a separate deduction that funds accident cover. It is 1.75% of earnings up to $156,641 in 2026/27 (1.67% up to $152,790 in 2025/26). The Independent Earner Tax Credit gives $10 a week to earners between $24,000 and $66,000 who do not receive Working for Families, a benefit or NZ Super, phasing out completely by $70,000. Enter your pay per year, month, fortnight, week or hour. The calculator shows the tax in each bracket, the credit, the levy and your take-home pay per period. Under More options you can add KiwiSaver (the minimum employee rate is 3.5% from 1 April 2026) and student loan repayments of 12% over $24,128.
Worked example
Taxable income of $75,000 in 2026/27: $1,638 + $6,632.50 + $6,450 = $14,720.50 income tax (19.6% effective). The ACC levy is $75,000 × 1.75% = $1,312.50, and there is no IETC because income is over $70,000. Take-home pay is $58,967 — $2,267.96 a fortnight. In 2025/26 the levy was $1,252.50, so take-home was $60 higher.
Sources: Inland Revenue — Tax rates for individuals · Inland Revenue — Independent earner tax credit (IETC) · Inland Revenue — PAYE deduction tables IR340, April 2026
Frequently asked questions
Did the tax brackets change for 2026/27?
No. The 2026/27 brackets are the same as 2025/26: 10.5% to $15,600, 17.5% to $53,500, 30% to $78,100, 33% to $180,000 and 39% above. The ACC earners’ levy rose from 1.67% to 1.75%, with a higher cap of $156,641, and the minimum KiwiSaver rate rose to 3.5%.
Is there a tax-free threshold in New Zealand?
No. Unlike Australia or the UK, NZ taxes from the first dollar, but the lowest rate is a modest 10.5%.
Does this include KiwiSaver or student loan?
It can. Open More options to add your KiwiSaver rate and student loan repayments, and the take-home figures and pay breakdown include them. With KiwiSaver it also shows your employer’s contribution after employer superannuation contribution tax (ESCT).
What tax code should I use?
For your main job, use M, or ME if you qualify for the Independent Earner Tax Credit. Add SL (M SL or ME SL) if you have a student loan. Second jobs use a secondary code — S, SH, ST or SA — chosen by your total income from all jobs.
What about the 39% rate on trusts?
Trustee income is also taxed at 39% from 1 April 2024, except for trusts with under $10,000 of income which stay at 33%.
Related calculators
Uses New Zealand 2026/27 (1 April 2026 – 31 March 2027) and 2025/26 rates and thresholds. Inland Revenue and ACC change thresholds from time to time — check ird.govt.nz for the current figures. Educational estimate, not tax advice.