[clodestar]

Apart from income tax what other deductions do we need to take into account on salary. I read something about ACC or this only paid if your self-employed. OH job offer $76K. Realise this means 39% tax.Are there any other deductions we need to account for ? We're trying to set budgets so we need to calculate take home to ensure we're being realsitic.

[eternalkiwi]

ACC is paid by both employees and employers.

The total tax on $78,000 would be $21,690 p.a. with ACC of $1,014 at the current rates.

From 1 July there is also Kiwisaver (superannuation) contributions of 4 or 8%.
All new employees will be automatically registered, though they can resign from the scheme within 2 months (from memory) and get a refund of their contributions. (Only residents or citizens will automatically be enrolled).

[Trigirl]

Realise this means 39% tax only on earnings over $60k - hence eternalkiwi's calculations