This calculator calculates income tax rates from 2011 to 2022 Tax rates are used to know from all sources how much tax you have to pay on your total income for the year. Income tax rates are the percentages of taxes you have to pay. Rates are based on your total income for the tax year. Your income could include: New Zealand has progressive or progressive tax rates. Rates increase with increasing incomes. Individuals pay progressive tax rates. This means that you pay a staggered amount based on the income you receive. If the amount you receive from NZ Super is less than the amount you receive from your wages or salaries, this is a secondary source of income and you must use one of the following tax codes. You can continue working after receiving NZ Super. If you receive and still receive a salary or salary, you need to decide whether your NZ Super is your primary or secondary source of income. You also need to make sure that all the money you receive from investments or interest is taxed at the right rate.

If you receive NZ Super, you can change your tax identification number on the Department of Social Development website. If you receive a personalized tax identification number during the tax year, it starts on the day we approve it and ends on March 31. You may receive a refund or have to pay taxes at the end of the tax year if you were taxed at the wrong tax rate during the year. It is important to use the correct tax number. Tell your employer or payer what your code is, otherwise they will charge you at the highest non-declaration rate of 45%. The amount of secondary tax you pay depends on the secondary tax number you give to your employer or payer. Part of the income is taxed before you are paid. These include salaries, wages, benefits and income, plan payments and interest. The amount of tax your employer or payer deducts depends on the tax number and income information you gave them. You must have a tax code in place to meet your tax obligations. You must first request a personalized tax number.

When we approve your application, we will inform you of your tailored tax rate. If the amount you receive from NZ Super is more than what you earn from your wages or salaries, then this is your main source of income. Your NZ Super tax number is M unless you have a student loan. If you have a student loan, your tax identification number is M SL. If you feel that you are paying too much or not enough tax, you can apply for a special tax number – for example, if you receive NZ Super and other income, or if you receive a foreign pension taxable in New Zealand. If the total amount you`ll earn in a year, including your NZ Super, is: If you have a student loan, use a tax number that asks your employer to deduct your refunds. When you start getting NZ Super, you may also have other sources of income. You need to make sure that you are using the correct tax identification number. Toll-free number: 0800 257 773 only from New Zealand landlines You will need to select a tax number when completing your NZ Super application. The tax number you use depends on whether you have a different income and, if so, where it comes from.

Use the CAE Tax Identification Number if you are doing occasional farm work. IR will determine the amount of tax that is right for you and provide you with a special tax code certificate. You must give it to your employer or pension insurance institution. Casual workers in agriculture are people who do seasonal work for up to three months a day. These include shears and shear needles. You will need to establish your tax code for each source of income you receive. Use the EDW tax number for income from election work. Use the NSW tax number if you are a recognised seasonal worker or if you have a work visa as a foreign crew member of a vessel fishing in New Zealand waters. You can choose your tax rate for income from instalment payments. You have 3 options: Your tax identification number is M unless you have a student loan.

If you have a student loan, your tax identification number is M SL. Other income is not taxed until it is paid. This includes income from self-employment or the rental of real estate and some income from abroad. You pay taxes on this income at the end of the tax year. The amount of tax you pay depends on your total income for the tax year. A special tax identification number is only valid for 1 tax year (April 1 to March 31). If you apply during the year, this applies from the date the IR approves it until the end of that taxation year. You only know the exact amount of tax you will have to pay or that will be refunded to you after receiving your personal tax summary or completing an individual IR3 tax return. Change your tax number to NZ Super and Veteran`s Pension You have a tax number for your main income. The code you use depends on the type and amount of your main income. If we determine that you are using the wrong tax identification number, we will ask your employer or payer to change it and notify you. We do this to prevent you from being taxed more than you should during the tax year, or to help you avoid a bill at the end of the tax year.

Talk to us if you disagree with our decision to change your tax number. You can get a personalized income tax rate that you get from:. . .