How it works
Charges 12 cents per dollar on annual repayment income above the stated threshold. 0% for NZ-based borrowers per the prompt. Often deducted through PAYE for employees.
Threshold$22,828
Rate12c per $1 above threshold
Student Loan Repayments Calculator NZ
Use this NZ student loan repayment calculator to estimate annual repayments above the New Zealand repayment threshold for NZ-based borrowers.
Use the calculator
Use the live tool above to enter your figures, compare outcomes, and sense-check the result before you rely on it for planning. This page is built for borrowers, employees, and payroll users checking annual student loan deductions.
- Repayment income is the important input, not just salary in isolation.
- Extra repayments can reduce balance faster but are optional.
- Check overseas-borrower rules separately.
Official IRD guidance
Check the official IRD guidance for the latest published rules, thresholds, timing, and definitions that apply to Student Loan Repayments.
Open official guidance
www.ird.govt.nz/student-loans
Disclaimer
This calculator provides estimates only and does not replace official IRD calculations.
- Uses the NZ-based borrower threshold from the prompt.
- Assumes the borrower is interest-free in New Zealand.
- Annual estimate only.
Frequently asked questions
When do repayments begin?
Repayments begin once annual repayment income exceeds the threshold shown in the widget.
Does this include interest?
The guide reflects the prompt's 0% interest setting for NZ-based borrowers.
How do I use this Student Loan Repayments tool?
Use the live tool above, enter the amounts that match your situation, and review the estimate together with the official guidance linked on this page.
Does this replace official IRD calculations?
No. This calculator or guide provides estimates and general information only, so you should still confirm the final position with official IRD guidance or professional advice where needed.
Where can I verify this with IRD?
Use the official guidance linked on this page to check the published rules, thresholds, filing expectations, and definitions that apply to Student Loan Repayments.