The following changes to personal tax come into effect on the 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%
There is no change to the ACC Levy which remains at 2% (calculated as an addition to the above rates)
