Income Tax Brackets 2024 Nz Over 65. Using these rates means less chance of people getting a tax bill at the end of the tax year. Finance minister hon nicola willis has reiterated the government’s intention to adjust the individual income tax thresholds to reduce the effects of bracket.
There are 5 paye tax brackets in nz for individuals. The new tax thresholds will be $15,600 (up from $14,000 for the 10.5% rate), $53,500 (up from $48,000 for 17.5%) and $78,100 (up from $70,000 for 30%).