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comparing tax in united kingdom with new zealand

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	United Kingdom	New Zealand	Difference in New Zealand
Gross Income	30,000.00 GBP / 30,000.00 GBP	64,439.37 NZD / 30,000.00 GBP	- 0.00 GBP
Tax Due	4,879.28 GBP / 4,879.28 GBP	13,213.69 NZD / 6,151.68 GBP	+ 1,272.40 GBP
Net Income	25,120.72 GBP / 25,120.72 GBP	51,225.68 NZD / 23,848.32 GBP	- 1,272.40 GBP
Overall Tax Rate	16.3 %	20.5 %	+ 4.20 %.

Figures based upon 1 GBP = 1 GBP.

Figures based upon 1 NZD = 0.4655539 GBP.

In United Kingdom, an income of 30,000.00 GBP / 30,000.00 GBP is more than the lowest average advertised salary of 12,757.00 GBP / 12,757.00 GBP and less than the country's average income of 33,000.00 GBP / 33,000.00 GBP.

In New Zealand, an income of 64,439.37 NZD / 30,000.00 GBP is more than the lowest average advertised salary of 25,000.00 NZD / 11,638.85 GBP and more than the country's average income of 62,200.00 NZD / 28,957.45 GBP.

Here are how much some common purchases cost in United Kingdom vs New Zealand:

	United Kingdom	New Zealand	Difference in New Zealand
Water Bottle (1.5L)	0.95 GBP / 0.95 GBP	1.84 NZD / 0.86 GBP	- 0.09 GBP
Milk Bottle (1L)	0.90 GBP / 0.90 GBP	2.68 NZD / 1.25 GBP	+ 0.35 GBP
Pint of Beer	3.50 GBP / 3.50 GBP	8.00 NZD / 3.72 GBP	+ 0.22 GBP
Bread (500g)	0.98 GBP / 0.98 GBP	2.21 NZD / 1.03 GBP	+ 0.05 GBP
Chicken Breasts (1kg)	5.67 GBP / 5.67 GBP	12.45 NZD / 5.80 GBP	+ 0.13 GBP
Petrol UK Gallon	5.68 GBP / 5.68 GBP	10.00 NZD / 4.66 GBP	- 1.02 GBP
Volkswagen Golf or Equivalent	18,000.00 GBP / 18,000.00 GBP	34,990.00 NZD / 16,289.73 GBP	- 1,710.27 GBP
Broadband Internet Monthly	30.21 GBP / 30.21 GBP	84.49 NZD / 39.33 GBP	+ 9.12 GBP
Rent One Bedroom Apt. In City (Monthly)	722.24 GBP / 722.24 GBP	1,478.20 NZD / 688.18 GBP	- 34.06 GBP
Purchase One Bedroom Apt. In City	139,346.55 GBP / 139,346.55 GBP	235,337.90 NZD / 109,562.48 GBP	- 29,784.07 GBP

Part of Europe, United Kingdom covers an area of 241,917 square kilometers.

United Kingdom has a Gross Domestic Product (PPP) of 2,787.74 ($ Billion) from a population of 65,511,098.

A progressive tax system with 3 bands with tax rates from 20% to 45%.

Personal tax-free allowance provided of 12,570 GBP.

Personal allowance is reduced by 1 GBP for every 2 GBP over 100,000 GBP.

Tax bands are as follow:

Below 37700 GBP - 20%

Between 37700 GBP and 125140 GBP - 40%.

Above 125140 GBP - 45%.

Mandatory social security contributions (National Insurance) Class A bands are as follow:

Below 12584 GBP - 0%

Between 12584 GBP and 50284 GBP - 8%.

Above 50284 GBP - 2%.

Source: https://www.gov.uk/government/organisations/hm-revenue-customs.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Part of Oceania, New Zealand covers an area of 263,135 square kilometers.

New Zealand has a Gross Domestic Product (PPP) of 174.85 ($ Billion) from a population of 4,604,871.

A progressive tax system spread over 5 bands - ranging from 10.5% to 39%.

Tax bands are as follow:

Below 15600 NZD - 10.5%

Between 15600 NZD and 53500 NZD - 17.5%.

Between 53500 NZD and 78100 NZD - 30%.

Between 78100 NZD and 180000 NZD - 33%.

Above 180000 NZD - 39%.

ACC Levy: Statutory accident insurance is payable at a rate of 1.60% of gross income - capped to 132,500 NZD of income.

There is a compulsary contribution to KiwiSaver (pension) of a minimum 3% of gross income. It is tax deductible.

IETC: There is a personal tax credit available for incomes between 24,000 NZD and 66,000 NZD of 520 NZD. This is reduced by 13 cents for each dollar over 66,000 NZD.

Source: http://www.ird.govt.nz/how-to/taxrates-codes/rates/itaxsalaryandwage-incometaxrates.html.

Source: XE.com (Currency Conversion).

Source: SalaryExplorer.com (Averages from average salaries in major job categories).

Source: Numbeo.com (Cost of living).

Help

This calculator allows you to calculate income taxes and social contributions equivalent for United Kingdom and New Zealand and allow comparison between both. You can choose the preferred currency for the input amounts and displayed calculation. For example: If you choose GBP as your preferred currency, then the income entered will be converted to United Kingdom's and New Zealand's native currencies for the calculation so that correct income equivalent is used. The results will then be shown in the native currencies and GBP.

How we compare world taxes

We have trawled through the quagmire of tax legislation for 16 of the World's major economies and created a comparable position as close to the UK's PAYE (Pay As You Earn) system for employed people.

We look at each country's taxation for employed people, as well as things like medical care which are part of social contributions for some countries or require mandatory purchase of health insurance.

Combining this information lets us calculate taxes for each of the 16 countries and then do not only a taxation comparison but also a comparison of buying power based upon commonly purchased items.

It is quick and easy to use and you can get a detailed result at the click/tap of a button!

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