Paying staff

Extra pay

The extra pay calculation will use the 1 April 2024 to 30 July 2024 personal income tax thresholds until 1 April 2025. Find out more | ird.govt.nz/income-tax-changes

If you pay your employees other benefits and allowances, you need to work out the tax value and pay it to us.

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ACC PAYE needs to be deducted from any loss of earnings compensation that ACC pays to your employees. ACC will deduct PAYE using the employee's tax code.
Allowances There are different types of allowances that you may pay in addition to salary or wages which benefit the employee. They are usually taxable except in certain circumstances.
Employee life insurance Overview of the tax that is due on life insurance payments made by someone's employer.
Employee share schemes (ESS) Taxable benefits provided to employees in the form of employee share schemes (provided free or below market value).
Exempt employee share schemes (Exempt ESS) Exempt benefits provided to employees in the form of Exempt ESS.
Fringe benefit tax If you provide any benefits to employees, shareholders, or other people associated with your business on top of their salary or wage you may need to pay fringe benefit tax (FBT).

Utu kaimahi Paying staff

Extra pay

Roles

Paying staff