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If you or your partner are entitled to receive WfFTC or an overseas equivalent, or if you receive NZ Super, veteran's pension or an overseas equivalent of any of these, your tax code is \u201cM\u201d (or \u201cM SL\u201d if you have a student loan). You're not eligible to use \u201cME\u201d or \u201cME SL\u201d.
If you or your partner are entitled to receive WfFTC or an overseas equivalent, or if you receive NZ Super, veteran's pension or an overseas equivalent of any of these, your tax code is \u201cM\u201d (or \u201cM SL\u201d if you have a student loan). You're not eligible to use \u201cME\u201d or \u201cME SL\u201d.
If you receive a benefit (other than New Zealand Superannuation) it will be considered your highest source of income and will automatically have a tax code of \u201cM\u201d.
Secondary tax codes and rates from 1 April 2021 Estimated annual total income from all sourcesSecondary tax code for the second source of incomeSecondary tax rate (before ACC levies)$14,000 or lessSB10.5%Between $14,001 and $48,000S17.5%Between $48,001 and $70,000SH30%Between $70,001 and $180,000ST33%1 more row • Sep 27, 2021
There are five PAYE tax brackets for the 2021-2022 tax year: 10.50%, 17.50%, 30%, 33% and 39%. Your tax bracket depends on your total taxable income. These are the rates for taxes due in April 2022.
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If you or your partner are entitled to receive WfFTC or an overseas equivalent, or if you receive NZ Super, veteran's pension or an overseas equivalent of any of these, your tax code is \u201cM\u201d (or \u201cM SL\u201d if you have a student loan). You're not eligible to use \u201cME\u201d or \u201cME SL\u201d.
If you receive a benefit (other than New Zealand Superannuation) it will be considered your highest source of income and will automatically have a tax code of \u201cM\u201d.
Tax code 1257L will be the most common tax code for the tax year 2021/22 and 2022/23. It is expected to be unchanged until 2026. It replaces tax code 1250L, which was the most popular tax code for the previous 2 tax years (2019/20 and 2020/21).
What Are Tax Codes 'SH & SH SL'? Use the SH tax code if your employee's annual income from ALL jobs is between NZ$ 48,001 and NZ$ 70,000, and has NO student loan. Use SH SL if the employee has a student loan. Example: Brian, a full-time worker, works 40 hours a week with an annual income of NZ$ 51,000.
If you or your partner are entitled to receive WfFTC or an overseas equivalent, or if you receive NZ Super, veteran's pension or an overseas equivalent of any of these, your tax code is \u201cM\u201d (or \u201cM SL\u201d if you have a student loan). You're not eligible to use \u201cME\u201d or \u201cME SL\u201d.

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