If you make wage or wages and possess a education loan, make use of the SL payment code together with your income tax rule. You need to make use of the taxation rule that is right for you personally. Allowing your boss understand how much to subtract for your education loan repayments.
Education loan payment deductions. Deductions are not made in the event that you:
Simply how much you repay to your education loan will depend on simply how much you get, and when it is your primary or job that is secondary.
- Make below the pay duration repayment limit, or
- Have payment deduction exemption.
Use our PAYE / KiwiSaver deductions calculator to check on simply how much your payment deductions is going to be.
Education loan repayments for the primary work
You repay 12% each and every buck attained on the payment threshold.