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How much do you pay with the new minimum wage and wage subsidy?
The minimum wage in New Zealand has been increased from $17.70/hr to $18.90/hr from 01/Apr/2020. Some businesses receive Covid-19 wage subsidy, which is $585.80 for a full-time and $350.00 for a part-time employee.
The table of Gross and Net payment amount is temporarily prepared for the new minimum wage, $18.90/hr, and the following conditions:
Tax code: M
KiwiSaver: Employee deduction 3%, Employer contribution 3%, ESCT 17.5% or 10.5% depending on Gross amount
Without Student Loan Repayment
Working hours: 10 - 40 hrs, every 5 hrs
Percentage: 100% and 80% (This is from payment conditions of Covid-19 Wage Subsidy)
More comprehensive tables are found at the Inland Revenue website.
Ngā tangohanga mai i ngā moni ā-tau me ngā moni ā-wiki
Deductions from salary and wages
https://www.ird.govt.nz/employing-staff/deductions-from-income/deductions-from-salary-and-wages
There is a link to
2021 Weekly and fortnightly PAYE deduction tables, and
2021 Four-weekly and monthly PAYE deduction tables, from this page.