Originally Posted by
Sam'n'Kelv
or is Income Tax + ACC the only tax on earnings?
As far as I am aware.
Also don't forget petrol is only 51p a litre here, and a packet of cigs £3.57
Council tax can be alot less, or about the same depending on where you live.
That said, salaries are lower, and pensions are lower, interest on morgages are higher, houses are cheaper, doctors and dentists more expensive etc - so it is swings and round abouts on the money front and there are many perspectives to consider, not just direct taxes.
there is no NI or its equivalent over here. ACC and income tax are the only direct taxes. i made it $800 (£285) difference at $60k so a bit less than you did.
but you should be aware that $60k is basically the point at which the difference is least, above that NZ higher rate tax kicks in - whereas higher rate doesn't kick in over in the UK till about £37k, so roughly $100k. so by the time you are at $100k the difference in actual tax paid between the two systems is something like $3500 or about £1250.