Student loan repayment calculator
See how much of your pay goes to your student loan, and what you take home after PAYE, ACC and your loan repayment.
Your results
Your estimated take-home pay
$922.11a week
$47,950 a year · effective tax rate 20.6%
| Gross pay | $1,346.15 |
|---|---|
| PAYE income tax | −$254.24 |
| ACC earners’ levy | −$23.55 |
| KiwiSaver | −$40.38 |
| Student loan | −$105.85 |
| Take-home pay | $922.11 |
Take-home across pay cycles
weekly
$922
fortnightly
$1,844
monthly
$3,996
annual
$47,950
Estimate for the 2026/27 tax year. Your actual pay may vary with your tax code and rounding.
How student loan repayments work
If you have a New Zealand student loan and earn above the threshold, 12% of the income over that threshold is deducted from your pay and sent to Inland Revenue. This calculator shows that deduction alongside your PAYE and ACC so you can see your true take-home pay.
Common questions
How much is a NZ student loan repayment?
For salary and wage earners, student loan repayments are 12% of every dollar you earn over the repayment threshold of $24,128 a year ($464 a week) for the 2026/27 year. It’s deducted automatically through PAYE.
What income counts towards the threshold?
Your repayments are based on your salary or wages. If you earn under $24,128 a year from your main job, no student loan is deducted from that income.