PIE Income and your PIR
From 1 October 2010 there are four rates: 0%, 10.5%, 17.5% and 28%
To work out your PIR for the 2011/2012 income year you need to use your taxable income from either of the two previous income years.
|
Taxable Income
|
Taxable Income plus PIE Income/Loss
|
PIR
|
|
$0 - $14,000
|
$0 - $48,000
|
10.5%
|
|
|
$48,001 - $70,000
|
17.5%
|
|
|
$70,001 or more
|
28%
|
|
$14,001 - $48,000
|
$0 - $70,000
|
17.5%
|
|
|
$70,001 or more
|
28%
|
|
$48,001 and over
|
Any amount
|
28%
|
Individual Income Tax rates and RWT (resident withholding tax)
|
Individual Income Tax and RWT Rates
Income Threshold
|
Income Tax and
RWT Rate from
1 April 2010
|
Income Tax and
RWT Rate from
1 October 2010
|
RWT Rate from
1 April 2011
|
|
$0 - $14,000
|
12.5%
|
10.5%
|
|
|
$14,001 - $48,000
|
21%
|
17.5%
|
|
|
$48,001 - $70,000
|
33%
|
30%
|
|
|
$70,001 and over
|
38%
|
33%
|
|
|
No-notification rate
|
38%
|
33%
|
|
|
|
|
|
|
|
Company RWT Rates
|
|
|
|
|
All Income Levels
|
33%
|
33% or 30%
|
28%
|
Secondary Tax Rates
|
|
From 1 April 2010
|
From 1 October 2010
|
|
Income Thresholds
|
Rates
|
Tax Code
|
Rates
|
Tax Code
|
|
|
|
|
student loan
|
|
|
student loan
|
|
$0 - $14,000
|
12.5%
|
SB
|
S SL
|
10.5%
|
SB
|
|
|
$14,001 - $48,000
|
21%
|
S
|
S SL
|
17.5%
|
S
|
S SL
|
|
$48,001 - $70,000
|
33%
|
SH
|
SH SL
|
30%
|
SH
|
SH SL
|
|
$70,001 and over
|
38%
|
ST
|
ST SL
|
33%
|
ST
|
ST SL
|
The above information has been extracted from the IRD website as at 4 April 2011. Please refer to the IRD website for further information.
