NZ Tax Year Comparison
See what changed between 2025-26 and 2026-27, and compare your take-home pay across both years.
Rate & Threshold Changes
| Item | 2025-26 | 2026-27 |
|---|---|---|
| Tax brackets | 10.5% / 17.5% / 30% / 33% / 39% | 10.5% / 17.5% / 30% / 33% / 39% |
| Bracket thresholds | $15.6k / $53.5k / $78.1k / $180k | $15.6k / $53.5k / $78.1k / $180k |
| ACC earner's levy rate Changed | 1.67% | 1.75% |
| ACC levy cap Changed | $152,790 | $156,641 |
| Max ACC levy Changed | $2,551.59 | $2,741.22 |
| KiwiSaver minimum rate Changed | 3% | 3.5% |
| Student loan threshold | $24,128 | $24,128 |
| Student loan repayment rate | 12% | 12% |
| GST rate | 15% | 15% |
| GST registration threshold | $60,000 | $60,000 |
| IETC thresholds | $66,000 full-credit, $70,000 cut-off @ 13% | $66,000 full-credit, $70,000 cut-off @ 13% |
| Minimum wage (adult) Changed | $23.50/hr | $23.95/hr |
Rows highlighted in blue indicate changes from the previous year.
Compare Your Take-Home Pay
Enter your annual income to see the exact dollar difference between tax years.
Frequently asked questions
Did NZ tax brackets change for 2026-27?
No. Income tax brackets and thresholds are frozen at 2025-26 levels for 2026-27 — the same five rates (10.5% / 17.5% / 30% / 33% / 39%) and the same thresholds ($15.6k / $53.5k / $78.1k / $180k) apply. The brackets were last changed on 31 July 2024 (Budget 2024); no new bracket or threshold change has been legislated for 2026-27.
What changed between 2025-26 and 2026-27?
Three things changed from 1 April 2026: the ACC earner's levy rate rose from 1.67% to 1.75% (income cap $152,790 → $156,641, maximum levy $2,551.59 → $2,741.22); the default KiwiSaver contribution rate for both employees and employers rose from 3% to 3.5% (Budget 2025, Taxation (Budget Measures) Act 2025); and the adult minimum wage rose from $23.50/hr to $23.95/hr. Income tax brackets, the student loan threshold, GST and the IETC are unchanged.
Will I pay more tax in 2026-27?
Income tax itself is unchanged since the brackets are frozen. However, the ACC earner's levy increased, which slightly reduces take-home pay, and KiwiSaver members on the default contribution rate will see a higher deduction (3% → 3.5%) unless they apply for a temporary rate reduction back to 3%. The net effect on your take-home pay depends on your income and KiwiSaver settings.
Sources: IRD — Tax rates, ACC — Levy rates, IRD — KiwiSaver changes, Employment NZ — Minimum wage rates.
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