Student Loan Repayments Table
Page updated 24 May 2012
The Treasury has published a table to provide further information about the changes to student loans announced in Budget 2012.
The table below shows the current student loan repayment rate of 10c for each dollar and the new deduction at 12c for each dollar which will come into effect on 1 April 2013. The repayment rate only applies to each dollar over the repayment threshold of $19,084 per annum or $367 for a weekly pay period.
NB: Figures may differ from Inland Revenue PAYE tables due to rounding. Weekly repayments are calculated by dividing annual income by 52 and applying the repayment rate (10c or 12c) to each dollar over the pay period threshold of $367.
| Income | Annual repayment at 10% |
Weekly repayment at 10% |
Annual repayment at 12% |
Weekly repayment at 12% |
Annual difference |
Weekly difference |
|---|---|---|---|---|---|---|
| $20,000.00 | $91.60 | $1.76 | $109.92 | $2.11 | $18.32 | $0.35 |
| $22,000.00 | $291.60 | $5.60 | $349.92 | $6.72 | $58.32 | $1.12 |
| $24,000.00 | $491.60 | $9.45 | $589.92 | $11.34 | $98.32 | $1.89 |
| $26,000.00 | $691.60 | $13.30 | $829.92 | $15.96 | $138.32 | $2.66 |
| $28,000.00 | $891.60 | $17.14 | $1,069.92 | $20.57 | $178.32 | $3.43 |
| $30,000.00 | $1,091.60 | $20.99 | $1,309.92 | $25.19 | $218.32 | $4.20 |
| $32,000.00 | $1,291.60 | $24.83 | $1,549.92 | $29.80 | $258.32 | $4.97 |
| $34,000.00 | $1,491.60 | $28.68 | $1,789.92 | $34.42 | $298.32 | $5.74 |
| $36,000.00 | $1,691.60 | $32.53 | $2,029.92 | $39.03 | $338.32 | $6.50 |
| $38,000.00 | $1,891.60 | $36.37 | $2,269.92 | $43.65 | $378.32 | $7.28 |
| $40,000.00 | $2,091.60 | $40.22 | $2,509.92 | $48.26 | $418.32 | $8.04 |
| $42,000.00 | $2,291.60 | $44.06 | $2,749.92 | $52.88 | $458.32 | $8.82 |
| $44,000.00 | $2,491.60 | $47.91 | $2,989.92 | $57.49 | $498.32 | $9.58 |
| $46,000.00 | $2,691.60 | $51.76 | $3,229.92 | $62.11 | $538.32 | $10.35 |
| $48,000.00 | $2,891.60 | $55.60 | $3,469.92 | $66.72 | $578.32 | $11.12 |
| $50,000.00 | $3,091.60 | $59.45 | $3,709.92 | $71.34 | $618.32 | $11.89 |
| $52,000.00 | $3,291.60 | $63.30 | $3,949.92 | $75.96 | $658.32 | $12.66 |
| $54,000.00 | $3,491.60 | $67.14 | $4,189.92 | $80.57 | $698.32 | $13.43 |
| $56,000.00 | $3,691.60 | $70.99 | $4,429.92 | $85.19 | $738.32 | $14.20 |
| $58,000.00 | $3,891.60 | $74.83 | $4,669.92 | $89.80 | $778.32 | $14.97 |
| $60,000.00 | $4,091.60 | $78.68 | $4,909.92 | $94.42 | $818.32 | $15.74 |
| $62,000.00 | $4,291.60 | $82.53 | $5,149.92 | $99.03 | $858.32 | $16.50 |
| $64,000.00 | $4,491.60 | $86.37 | $5,389.92 | $103.65 | $898.32 | $17.28 |
| $66,000.00 | $4,691.60 | $90.22 | $5,629.92 | $108.26 | $938.32 | $18.04 |
| $68,000.00 | $4,891.60 | $94.06 | $5,869.92 | $112.88 | $978.32 | $18.82 |
| $70,000.00 | $5,091.60 | $97.91 | $6,109.92 | $117.49 | $1,018.32 | $19.58 |
| $72,000.00 | $5,291.60 | $101.76 | $6,349.92 | $122.11 | $1,058.32 | $20.35 |
| $74,000.00 | $5,491.60 | $105.60 | $6,589.92 | $126.72 | $1,098.32 | $21.12 |
| $76,000.00 | $5,691.60 | $109.45 | $6,829.92 | $131.34 | $1,138.32 | $21.89 |
| $78,000.00 | $5,891.60 | $113.30 | $7,069.92 | $135.96 | $1,178.32 | $22.66 |
| $80,000.00 | $6,091.60 | $117.14 | $7,309.92 | $140.57 | $1,218.32 | $23.43 |
| $82,000.00 | $6,291.60 | $120.99 | $7,549.92 | $145.19 | $1,258.32 | $24.20 |
| $84,000.00 | $6,491.60 | $124.83 | $7,789.92 | $149.80 | $1,298.32 | $24.97 |
| $86,000.00 | $6,691.60 | $128.68 | $8,029.92 | $154.42 | $1,338.32 | $25.74 |
| $88,000.00 | $6,891.60 | $132.53 | $8,269.92 | $159.03 | $1,378.32 | $26.50 |
| $90,000.00 | $7,091.60 | $136.37 | $8,509.92 | $163.65 | $1,418.32 | $27.28 |
| $92,000.00 | $7,291.60 | $140.22 | $8,749.92 | $168.26 | $1,458.32 | $28.04 |
| $94,000.00 | $7,491.60 | $144.06 | $8,989.92 | $172.88 | $1,498.32 | $28.82 |
| $96,000.00 | $7,691.60 | $147.91 | $9,229.92 | $177.49 | $1,538.32 | $29.58 |
| $98,000.00 | $7,891.60 | $151.76 | $9,469.92 | $182.11 | $1,578.32 | $30.35 |
| $100,000.00 | $8,091.60 | $155.60 | $9,709.92 | $186.72 | $1,618.32 | $31.12 |
Download Table
Data is available in HTML format above and in MS Excel format. Using Excel Files
| Doc. Date | Title | Download |
|---|---|---|
| 24 May 2012 | Student Loan Repayments Table Source: Inland Revenue, 22 May 2012. |
b12-student-loan-repymt.xls (107 KB) |
