Salary Calculator NZ

Tax Year: 2024 – 2025

If you live in New Zealand and earn a gross annual salary of $82,576, or $6,881 per month, your monthly take-home pay will be $5,257. This results in an effective tax rate of 24%, as estimated by our NZ salary calculator.

The following chart outlines your earnings relative to the national average salary and minimum wage in New Zealand. These are annual, pre-tax figures, calculated assuming full-time employment.

The average salary in New Zealand is $82,576 per year, according to the latest figures published by Stats NZ for the national average weekly earnings for full-time employees ($1,588). This equates to a take-home pay of $5,257 per month, as estimated by our salary calculator.

To get a better idea of what most residents earn, we can also look at the median salary in New Zealand, which stands at $66,196 per year (50th percentile). This figure is quite a bit lower than the average, and translates to a monthly after-tax salary of $4,106.

The minimum wage in New Zealand in 2024 is $23.15 per hour, translating to an annual gross salary of $48,152, assuming full-time employment of 40 hours per week. Based on this figure, our NZ tax calculator estimates a monthly take-home pay of roughly $3,326.

For early career workers, the government imposes the "starting-out" and "training" minimum wages, both set at $18.52 an hour. The former applies to young employees aged 16–19 with less than six months of continuous employment, while the latter is for individuals over 20 enrolled in an industry training program.

If you're a full-time employee in New Zealand, your employer will automatically deduct all taxes and contributions from your gross salary every month. This is called "tax at source", and it's a crucial part of New Zealand's pay-as-you-earn (PAYE) scheme.

Our salary calculator serves as an effective PAYE calculator, accurately estimating your take-home salary by applying the same deductions an employer calculates on your payslip.

However, if you're self-employed, you fall outside the PAYE system and must file an IR3 individual tax return annually to declare your income and claim allowable expenses. This is necessary for determining your exact tax obligations and potential refunds.

Our calculator accounts for all the major taxes and deductions levied on employment earnings in New Zealand:

• Income Tax: Pay in New Zealand is taxed at a progressive rate, starting at 10.5% for incomes under $14,000 and capping at 39% for incomes over $180,000.
• Accident Compensation Corporation (ACC): ACC levies are a form of insurance that entitles you to healthcare and rehabilitation if you're hurt outside of work.
• Independent Earner Tax Credit (IETC): The IETC provides up to $520 of tax credits for individuals who are New Zealand tax residents earning between $24,000 and $48,000.