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NZ Student Loan Repayment Calculator 2026-27
See how much student loan comes out of your pay: 12% above $24,128 a year.
1. Your pay
Take-home pay 2026-27
$1,830.76 / fortnight
$47,600 a year · $3,966.66 a month · $915.38 a week
Your employer also adds about $2,450 a year to your KiwiSaver (3.5%, before employer tax).
2. Breakdown
| Year | Month | Fortnight | Week | |
|---|---|---|---|---|
| Gross pay | $70,000 | $5,833.33 | $2,692.31 | $1,346.15 |
| PAYE income tax | -$13,221 | -$1,101.71 | -$508.48 | -$254.24 |
| ACC earners' levy | -$1,225 | -$102.08 | -$47.12 | -$23.56 |
| KiwiSaver (you) | -$2,450 | -$204.17 | -$94.23 | -$47.12 |
| Student loan | -$5,505 | -$458.72 | -$211.72 | -$105.86 |
| Take-home pay | $47,600 | $3,966.66 | $1,830.76 | $915.38 |
Tax year 2026-27 (1 April 2026 – 31 March 2027), tax code M/ME, yearly estimate. Your payslip can differ slightly because PAYE is worked out each pay period. Rules last checked: October 2026. Not tax advice. 🔒 Everything stays on your device.
Questions people ask
What are the NZ tax rates for 2026-27?+
10.5% up to $15,600, 17.5% up to $53,500, 30% up to $78,100, 33% up to $180,000 and 39% above. There's no tax-free threshold.
How much is the ACC earners' levy?+
1.75% of earnings up to $156,641 a year (from 1 April 2026), taken with PAYE.
What is the default KiwiSaver rate now?+
3.5% from 1 April 2026, and your employer matches 3.5%. You can choose 3%, 4%, 6%, 8% or 10%.
When do I repay my student loan?+
12% of your pay above $24,128 a year is deducted through PAYE.