Earning $15,000 salary per year before tax in New Zealand, your net take home pay will be $13,125.50 per year. This is equivalent to $1,093.79 per month, or $252.41 per week.
Your average tax rate will be 12.5%. Your marginal tax rate will be 12.82% which is in the 2nd tax bracket. 1.6% ACC will also be deducted.
These amounts will differ if you belong to Kiwisaver or have a Student Loan.
On $15,000 annual salary you will pay $1,645.00 PAYE tax and $240.00 ACC.
| Tax Bracket | Attributable Income | Tax Component | Residual |
|---|---|---|---|
| 10.50% | $14,000.00 | $1,470.00 | $12,530.00 |
| 12.82% | $1,000.00 | $128.20 | $871.80 |
| 17.50% | $0.00 | $0.00 | $0.00 |
| 21.64% | $0.00 | $0.00 | $0.00 |
| 30.00% | $0.00 | $0.00 | $0.00 |
| 30.99% | $0.00 | $0.00 | $0.00 |
| 33.00% | $0.00 | $0.00 | $0.00 |
| 39.00% | $0.00 | $0.00 | $0.00 |
| Total | $15,000.00 | $1,598.20 | $13,401.80 |
After paying tax and ACC, the amount of income from a $15,000.00 annual salary is:
Giving an effective tax rate of 12.25%
(10.65% + 1.6% ACC)
These rates are valid for income earned from 2023-04-01. Calculations presented on this page are provided for informational purposes only and do not constitute financial advice. Please check with your accountant or IRD to clarify your exact tax position.