NZ Student Loan Repayment Calculator
Calculate your New Zealand student loan repayment amount based on your income. Repayments are 12% on income over the $22,828 threshold.
Regional Rule Context
New Zealand Rates and Rules
PAYE Tax Brackets
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Your total annual income before deductions
Result
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Calculate NZ student loan repayments. Repayment rate is 12% on income above the $22,828 annual threshold. Repayments are deducted through PAYE.
Disclaimer: This calculator uses publicly available rules effective as of Apr 1, 2024 (version 1.0). Results are for informational purposes only. Always verify with official sources or a qualified professional. Last reviewed: Mar 1, 2026.
Formula
If your annual income exceeds $22,828, you repay 12% of every dollar above that threshold through PAYE deductions. Your employer deducts this automatically.
New Zealand FAQs
What is the repayment threshold?
Repayments start when income exceeds $22,828/year ($439/week) for 2024-25.
Are NZ student loans interest-free?
Yes, while you are a NZ resident. Interest is charged if you live overseas.
Is there a bonus for voluntary repayments?
Yes. A 10% bonus is applied to voluntary repayments over $500 made directly to IRD.
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