[Dozzer]

Hi all,

Yet another question...

It's about tax etc on your wages.

For example, how much tax etc (ACC.. what else?) would I pay on a yearly wage of NZ$50k ?

The UK tax system is pretty complex.. what with national insurance etc

Any input on how the system works would be appreciated.

Regards,

Doz
(wannabe Kiwi)

[jubjub]

All earnings are taxable, every single cent earned from wages or interest.

First 38000 tax deducted at 19.5%
38001-60000 33%
60001 upwards 39%

Salary of $50K take home would be 38630 (3219 a month), total tax 11370

No other deductions, acc gets taken via insurance premiums and car tax

That help?

[Dozzer]

Excellent news.. In that case I'd be better off oin NZ!

Thanks for the info.

btw how much is "car tax" and what's it called ?

[jubjub]

Car tax is called Registration, (Rego) and is $200 a year for a normal car

http://www.ltsa.govt.nz/vehicle-ownership/registration.html

[StevieD]

So much simpler than the UK Dozzer - and transparent too.

[Hannah]

There are also various tax credits (like the UK working families/children's tax credits) available to those with families and incomes up to around $70-80K but not sure if you can get these as soon as you are a resident or whether you have to wait 2 yrs like other benefits.