Tax Changes due October 1st, 2010

The following changes to personal tax come into effect on your first pay, physically paid, after October 1st, 2010

  • For Income up to $14,000 the rate reduces from 12.5% to 10.5%
  • For Income up to $48,000 the rate reduces from 21.0% to 17.5%
  • For Income up to $70,000 the rate reduces from 33% to 30%
  • For Income over $70,000 the rate reduces from 38% to 33%

The ACC Earner Levy remains unchanged at 2% (in addition to the above rates)

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