Rock Ape

Hi,
There were some figures published before on here which gave the tax bands based on income etc. Anyone know what they are? Trying to work out the take-home on 100k?

mum-dad-3-little people

Hi there
Am reading a book called 'Emigration to New Zealand' by Steve Horrell and there's a section in there about Tax levels which says:
In NZ $ (exchange assumed to be $2.65 to £1 sterling)
Up to $38,000 - Tax rate of 19.5%
$38,001 to $60,000 - Tax rate of 33%
$60,001 and over - Tax rate of 39%
Hope this helps a bit

nic.gem.soph

Hi, I've read that book too, good isn't it, although after visiting last week some bits seem a bit out-dated. Like shops not being open sundays, there is no fashion, guess it depends on what you call fashion..etc...

nic

jads

Hello

Do you have a job offer in our field!
I didnt know you live in Francais, hows things.

Cheers Jads

Snyffa

Lots of really useful tax info on the IRD site http://www.ird.govt.nz

There will be a change in rates from october 2008 so see below for the old and new rates, hope this is usefull.

Snyffa x



Personal income tax rates

The low income rebate has been removed from the 2008/09 tax year and a new bottom tax rate of 12.5% on income up to $14,000 introduced. Income thresholds for the 21%, 33% and 39% rates also increase over the next three and a half years, as set out below.

Current rates New rates from 1 October 2008

Income to $9,500 15%* Income to $14,000 12.5%
$9,501 - $38,000 21%* $14,001 - $40,000 21%
$38,001 - $60,000 33% $40,001 - $70,000 33%
$60,001 and over 39% $70,001 and over 39%

*Includes the low income rebate. The statutory rate on income under $38,000 is 19.5%. The low income rebate gave an effective rate of 15% for income under $9,500 and 21% for income between $9,501 and $38,000.

From 1 April 2010 From 1 April 2011

Income to $17,500 12.5% Income to $20,000 12.5%
$17,501 - $40,000 21% $20,001 - $42,500 21%
$40,001 - $75,000 33% $42,501 - $80,000 33%
$75,001 and over 39% $80,001 and over 39%

The introduction of new income tax rates part-way through the income year means an average of the new and old rates needs to be applied. These are called composite rates and represent the actual amount of income tax that applies in the 2008/09 income year.

NakiMan

Remember too that you will have to pay an ACC levy of, I think, 1.4%

See

http://www.ird.govt.nz/how-to/taxrat...etaxrates.html

for full details of Income tax and ACC rates

Rock Ape

Thanks to all for the very useful information. No off to crunch some numbers!