1. What is the Salary Calculator?

This calculator estimates your net pay in New Zealand for the 2025-26 tax year by calculating deductions from your gross salary including income tax, ACC levy, and KiwiSaver contributions.

2. How Does the Calculator Work?

The calculator uses the following formula:

Where:

• Gross Pay — Your annual salary before deductions
• Income Tax — Calculated based on NZ progressive tax brackets
• ACC Levy — Accident Compensation Corporation levy (~1.53%)
• KiwiSaver — Retirement savings contribution (minimum 3%)

3. Understanding NZ Tax Components

Income Tax Brackets (2025-26):

• Up to $14,000: 10.5%
• $14,001-$48,000: 17.5%
• $48,001-$70,000: 30%
• $70,001-$180,000: 33%
• Over $180,000: 39%

ACC Levy: All earners pay approximately 1.53% of their income to fund New Zealand's accident compensation scheme.

KiwiSaver: Voluntary retirement savings scheme with minimum 3% contribution from salary (can choose higher percentages).

4. Using the Calculator

Tips: Enter your gross annual salary in NZD and select your KiwiSaver contribution percentage. The calculator will show your estimated take-home pay after all deductions.

5. Frequently Asked Questions (FAQ)

Q1: Are these tax rates confirmed for 2025-26?
A: These are projections based on current tax brackets adjusted for inflation. Check IRD website for official rates.

Q2: Does this include student loan repayments?
A: No, this calculator doesn't include student loan deductions which would be an additional 12% of income over the repayment threshold.

Q3: Is the ACC levy rate exact?
A: The 1.53% is an estimate. Actual ACC levies may vary slightly based on specific work categories.

Q4: What if I'm not in KiwiSaver?
A: Select 3% and treat this as zero if not enrolled, or simply subtract the KiwiSaver amount from the net pay result.

Q5: Does this account for tax credits or other deductions?
A: No, this is a basic calculator. For precise calculations including tax credits or other deductions, consult a tax professional.