The following changes to personal tax come into effect on your first pay, physically paid, after October 1st, 2010
- For Income up to $14,000 the rate reduces from 12.5% to 10.5%
- For Income up to $48,000 the rate reduces from 21.0% to 17.5%
- For Income up to $70,000 the rate reduces from 33% to 30%
- For Income over $70,000 the rate reduces from 38% to 33%
The ACC Earner Levy remains unchanged at 2% (in addition to the above rates)
