Net Income / Take-Home Pay

Net income (or take-home pay) is the amount you actually receive in your bank account after all compulsory and elected deductions have been subtracted from your gross pay. This is the money you have available to spend, save, or invest.

Deductions that reduce gross pay to net pay include: PAYE income tax (progressive rates from 10.5% to 39%), ACC earner's levy (1.67%), KiwiSaver contributions (3%–10% if enrolled), and student loan repayments (12% above $24,128 if applicable).

Your net pay can vary between pay periods if you receive bonuses, overtime, or back-pay — these can temporarily push you into a higher PAYE bracket for that period. To get an accurate picture of your annual take-home pay, use a calculator that accounts for all deductions across the full year.