Results 1 to 6 of 6

Thread: How much tax on your earnings ?

Hybrid View

Previous Post Previous Post   Next Post Next Post
  1. #1
    Join Date
    Oct 2005
    Location
    Swansea, Wales, UK
    Posts
    45

    Question How much tax on your earnings ?

    Hi all,

    Yet another question...

    It's about tax etc on your wages.

    For example, how much tax etc (ACC.. what else?) would I pay on a yearly wage of NZ$50k ?

    The UK tax system is pretty complex.. what with national insurance etc

    Any input on how the system works would be appreciated.

    Regards,

    Doz
    (wannabe Kiwi)

  2. #2
    Join Date
    Feb 2005
    Location
    Eastern Auckland (from UK '05)
    Posts
    3,182

    Default

    All earnings are taxable, every single cent earned from wages or interest.

    First 38000 tax deducted at 19.5%
    38001-60000 33%
    60001 upwards 39%

    Salary of $50K take home would be 38630 (3219 a month), total tax 11370

    No other deductions, acc gets taken via insurance premiums and car tax

    That help?

  3. #3
    Join Date
    Oct 2005
    Location
    Swansea, Wales, UK
    Posts
    45

    Default

    Excellent news.. In that case I'd be better off oin NZ!

    Thanks for the info.

    btw how much is "car tax" and what's it called ?

  4. #4
    Join Date
    Feb 2005
    Location
    Eastern Auckland (from UK '05)
    Posts
    3,182

    Default

    Car tax is called Registration, (Rego) and is $200 a year for a normal car

    http://www.ltsa.govt.nz/vehicle-owne...istration.html

  5. #5
    Join Date
    Oct 2004
    Location
    Cambridge ex- Liverpool
    Posts
    3,562

    Default

    So much simpler than the UK Dozzer - and transparent too.

  6. #6
    Join Date
    Feb 2005
    Location
    New Plymouth - here to stay!
    Posts
    539

    Default

    There are also various tax credits (like the UK working families/children's tax credits) available to those with families and incomes up to around $70-80K but not sure if you can get these as soon as you are a resident or whether you have to wait 2 yrs like other benefits.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •