New Minimum Wage Rates
The adult minimum wage rate will increase from $15.75 to $16.50 (before tax) an hour.
The starting-out wage and training minimum wage will also increase from $12.60 to $13.20 (before tax) an hour.
ACC Earner Levy Rate
The Earner Levy Rate for the 2018 tax year will remain at $1.39 for every $100 of liable.
ACC Earner Levy Maximum Liable Earnings:
The maximum liable earnings for the ACC Earner levy will increase from $124,053 to $126,286 for all pay periods paid on or after the 1st of April 2018. Any income above $126,286 will not be subject to the ACC Earner Levy.
The annual Student Loan repayment threshold has increased to $19,448. This is the level above which Student Loan deductions will be taken. This is broken down to pay period threshold amounts in the following table.
If you’re paid: Your repayment threshold is: