Deductions from wages
Oct 3rd 2007, 3:49 pm
#1
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Joined: Apr 2007
Location: Birmingham
Posts: 243
Deductions from wages
Hi
I would like to get an idea of how much take home pay I will get each month. Obviously in the UK I pay NI and tax on my wages, what are the compulsory deductions in NZ?
My salary for nursing will be approx $50 000 so a guide on percentages for tax/NI equivalent would be great thanks!!
I would like to get an idea of how much take home pay I will get each month. Obviously in the UK I pay NI and tax on my wages, what are the compulsory deductions in NZ?
My salary for nursing will be approx $50 000 so a guide on percentages for tax/NI equivalent would be great thanks!!
Oct 3rd 2007, 4:47 pm
#2
Joined: Nov 2006
Posts: 2,813
Re: Deductions from wages
Hi,
You'll net from NZ$50K NZ$38,670. On the first 38K you'll be taxed at 19.5% and on the next 12K you'll be dinged for 33%. Also add in 1.6 % for the ACC.
You'll net from NZ$50K NZ$38,670. On the first 38K you'll be taxed at 19.5% and on the next 12K you'll be dinged for 33%. Also add in 1.6 % for the ACC.
Oct 3rd 2007, 7:34 pm
#4
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Thread Starter
Joined: Apr 2007
Location: Birmingham
Posts: 243
Re: Deductions from wages
Thanks, it doesnt leave much does it!!
I no I shouldnt work it out in pounds but that works out at £1000 clear a month! Yikes
I no I shouldnt work it out in pounds but that works out at £1000 clear a month! Yikes
Oct 3rd 2007, 9:43 pm
#7
Joined: Nov 2006
Posts: 2,813
Re: Deductions from wages
Accident Compensation Corporation.
If you break a leg or have some other unfortunate accident you can go to hospital and get fixed up and your hospital fees and subsequent physiotherapy will be covered as well as having 80% of your salary paid to you by ACC if you have to take time away from work to convalesce.
If you break a leg or have some other unfortunate accident you can go to hospital and get fixed up and your hospital fees and subsequent physiotherapy will be covered as well as having 80% of your salary paid to you by ACC if you have to take time away from work to convalesce.
