NZ student loan repayments by income (2026/27)

This page is a reference table showing how much salary and wage earners repay towards their student loan at each income level, for the 2026/27 tax year. Repayments are compulsory once you earn over the annual repayment threshold of $24,128, and are deducted automatically through PAYE at a flat rate of 12% of everything you earn above that threshold, on top of your income tax. Rather than asking for your own figures, the table below runs that 12% calculation for ten common income points from $24,128 up to $120,000, so you can find the band closest to your salary and read off both the annual repayment and the weekly amount that comes out of your pay. This is useful for checking a payslip deduction, budgeting around a pay rise or new job offer, or simply understanding how the threshold and rate work together before checking your own numbers. If your income falls between the listed points, or you want a figure calculated for your exact salary rather than an estimate from the nearest row, use the linked student loan repayment calculator instead. Note this table is for New Zealand-based salary and wage earners only; if you live overseas with a student loan, repayments work differently and are based on a fixed schedule tied to your loan balance rather than your income, covered separately below.

This is for salary and wage earners, where repayments are deducted through PAYE. Overseas-based borrowers repay a fixed amount based on their loan balance instead; see the overseas-based repayment calculator.

Use and cite

Free to use and cite with a link to this page. Part of our research and reference data. Indicative; confirm with Inland Revenue or StudyLink.

Computed from the 12% rate above the $24,128 threshold. Last reviewed 2026-07-02.