NZ Payroll Update
These changes are effective as of 1 April 2022
ACC Levy threshold has remained capped at $130,911 - earnings over this are not subject to ACC levies.
Student Loan repayment annual threshold has increased to $21,268.00.
Student Loan weekly threshold increased to $409.00
Minimum Wage - increased to $21.20 per hour.
Annual Income greater than $180,000 is now taxed at 39%.