FreeTaxCalculatorNEW ZEALAND TAX TOOLS
Home / Calculators / Student Loan Calculator
Income Tax · 2026/27

Student Loan Calculator

Estimate main-job repayments using the annual repayment threshold.

$

Your calculation

All amounts in New Zealand dollars.

Advanced options KiwiSaver, student loan & tax credit

IETC excludes relevant benefits, NZ Superannuation and qualifying Working for Families circumstances. Check eligibility. One main job, steady pay. No tailored tax codes or other income.

✓ No sign-up needed ✓ Calculated in your browser

A little clarity starts here

Your numbers,
in plain sight.

Enter your details and calculate to see your breakdown.

Using this calculator

Understand the main-job repayment estimate

This specialised tool calculates a main-job annual repayment estimate even if the general loan checkbox is left unticked. It needs gross earnings, not the outstanding loan balance.

Worked example

For steady earnings of $60,000, the model is ($60,000 − $24,128) × 12% = $4,304.64 for the year. The model does not reduce that figure using your current balance.

How the result is built

Only the earnings above the annual main-job threshold enter this illustrative calculation. Payroll applies the relevant threshold to each pay period.

Before you use the number

A second job, repayment exemption, special deduction rate or overseas-based borrower can need different treatment. Annualising irregular earnings can differ from actual payroll deductions.

Does this tell me when the loan will be paid off?

No. A payoff estimate also needs the balance, deductions already made, residency and future earnings. This page shows a deduction scenario, not an account statement.

Official source ↗ · How we prepare and correct content · Model reviewed 26 September 2026. Examples are illustrative.

How this tool works

Useful estimates. Clear assumptions.

The 2026/27 year runs from 1 April 2026 to 31 March 2027. We assume a New Zealand tax resident, one main employment, regular earnings and no other income. Figures are annualised estimates, not a payroll filing. Select IETC only after confirming full-year eligibility. Employer KiwiSaver, ESCT, benefits, child support and special deduction rates are excluded.

See calculation rules & official sources ↗
Keep exploring

Your next useful calculation.

Income Tax

Salary Calculator

Your take-home pay after income tax, ACC, KiwiSaver and student loan deductions.

Open calculator Income Tax

Income Tax Calculator

See each tax band and how much of your income is taxed at each rate.

Open calculator Income Tax

After Tax Salary Calculator

Explore annual, monthly, fortnightly and weekly take-home pay.

Open calculator Income Tax

Gross Salary Calculator

Work backwards from your target take-home pay to a gross salary.

Open calculator