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New Zealand Personal Tax Guide 2025-26 — Income Tax Rates, Brackets, PAYE

New Zealand personal income tax for the 2025-26 tax year (1 April 2025 to 31 March 2026). The guide covers the progressive tax rates — 10.5% on up to $15,600, 17.5% on $15,601-$53,500, 30% on $53,501-$78,100, 33% on $78,101-$180,000, and 39% over $180,000 — along with the PAYE system, the tax codes, and the ACC earner levy deducted through the payroll.

2025-26 Tax Brackets (Residents)

  • $0 — $15,600: 10.5%. The first $15,600 of income is taxed at the lowest marginal rate. New Zealand has no tax-free threshold — every dollar of income is subject to tax.
  • $15,601 — $53,500: 17.5% on income above $15,600. The bracket was expanded from $48,000 from 1 July 2024 under the Budget 2024 tax changes.
  • $53,501 — $78,100: 30% on income above $53,500. Expanded from $70,000 from 1 July 2024.
  • $78,101 — $180,000: 33% on income above $78,100.
  • $180,001+: 39% on income above $180,000. The 39% rate applies to employment, business, and rental income but not to PIE income (capped at 28%).

See our Tax Credits Guide → for the effective rates with credits.

PAYE and Tax Codes

The PAYE system requires employers to deduct tax from salary and wages each pay period. Main tax codes include: M (main job, no student loan), ME (main job with Independent Earner Tax Credit), S and SH (secondary jobs at 17.5% and 33%), ST and SB (secondary with student loan), CA (casual agricultural), and ED (emergency employee). The IRD provides the tax code declaration form (IR330) for employees. The ACC earner levy of 1.53% is also deducted through PAYE alongside the income tax.

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