New Minimum Wage Rates

The adult minimum wage rate will increase from $15.75 to $16.50 (before tax) an hour.

The starting-out wage and training minimum wage will also increase from $12.60 to $13.20 (before tax) an hour.

ACC Earner Levy Rate

The Earner Levy Rate for the 2018 tax year will remain at $1.39 for every $100 of liable.

ACC Earner Levy Maximum Liable Earnings:

The maximum liable earnings for the ACC Earner levy will increase from $124,053 to $126,286 for all pay periods paid on or after the 1st of April 2018. Any income above $126,286 will not be subject to the ACC Earner Levy.

Student Loans

The annual Student Loan repayment threshold has increased to $19,448. This is the level above which Student Loan deductions will be taken. This is broken down to pay period threshold amounts in the following table.

If you’re paid:                                        Your repayment threshold is:

Weekly                                                $374.00

Fortnightly                                           $748.00

Four-Weekly                                        $1,496.00

Monthly                                               $1,620.66

Annual                                                $19,448.00