How we keep rates current
We check every rate on 1 April, after each Budget, and whenever Inland Revenue, ACC or Employment New Zealand announce a change. This page lists what changed and when.
Our update schedule
- 1 April each year: new tax year. We update ACC, KiwiSaver, student loan and minimum wage figures.
- Budget day (usually May): we check for announced tax changes.
- Any time: when IRD publishes new payroll rules or tables.
Rates in our calculator now (2026/27)
| Item | Rate | From |
|---|---|---|
| Income tax brackets | 10.5%, 17.5%, 30%, 33%, 39% | 31 July 2024 |
| ACC earners' levy | 1.75%, capped at $156,641 | 1 April 2026 |
| KiwiSaver default rate | 3.5% employee and employer | 1 April 2026 |
| Student loan threshold | $24,128 a year, 12% above it | Unchanged for 2026/27 |
| IETC | Up to $520, $24,000 to $70,000 | 31 July 2024 |
| Adult minimum wage | $23.95 an hour | 1 April 2026 |
Changelog
- 1 November 2026: PAYE Calculator launched with 2026/27 rates, checked against Inland Revenue on 18 October 2026.
Coming up
The KiwiSaver default rate rises to 4% on 1 April 2028. We'll update the calculator on that date.