Pay As You Earn (PAYE) is a withholding income tax for employees in New Zealand. In most cases, it is deducted from the pay that you will receive before you receive it and is taxed via a series of tiered tax rates depending on the amount you earn and your tax code. The incremental tax rates increase as the salary increases. There are several other factors which contribute to the end amount that you receive in your pay - these include deductions for KiwiSaver, Student Loans and ACC.After you've finished with your calculations why not have a celebration? Let's Party is your one stop shop for all things bright, colourful and shiny.
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