Not bad. Quite a few places would tax over 40% of your income with that salary.

Yep, pretty much spot on. I live in NZ and make $110k NZD as a head of marketing, I opted for Kiwi Saver (our version of 401k) and my take home is $78k, which roughly equals $45k USD per year 😒. $110k is decent money in NZ, but average house price is $970k and I could likely only get around a $300k mortgage at my pay rate, so even with a six figure job you couldn't really afford a decent house without a $600k deposit minimum. Expensive place to live for sure.

The living wage in NZ as of May 2023 is only $23.90/h. Thats just under $50K a year before taxes. The minimum wage as of May 2023 is $22.70/h. Thats just over $47K per year. working full time at 40 hours a week. Most people between 18 - 30 years old earn less than $27/h, which is just under $50K per year on 40 hours. Very few lucky people earn $100K a year even before taxes let alone after taxes. Average house price is between $400K and $1M depending on the region. minimum 15% deposit to borrow from the bank that's $60K - $150K for your first home. Groceries and other essential needs have gone up in recent years. On a $50K yearly salary which would be around $700 a week after taxes, most people would be lucky to save $150 a week. Thats $5K - $10K per year after taxes and Food and Power and Phone/WiFi and car/travel expenses and rent. that means it would take 6 to 15 years to save enough for your first home. lest say 10 years if you're with a partner. 10 years assuming no unexpected costs come up like dentists bills, doctors bills, car trouble, loss of job, vet bills, child expenses, fire damage... etc. Not to mention house prices keep going up so by the time you can afford to buy 10 years ago the minimum deposit has gone up another $10K - $200K. Living in New Zealand as a young person is extremely difficult, which is why so many are moving to Australia. $100K a year would be a dream.

yes but 100k in NZ is not very much.

I work minimum wage in NZ, $22.50 an hour which is maybe $13-14 usd on a good day, and yea probably -15% of that in tax, then all you have left every week is half a banana, 3 durrys, and a hose to siphon some petrol.

And our country is beautiful

Don't forget every time you buy something you got 15% gst too. Not to mention rates

How many people actually earn $100,000.00 in NZ? I am guessing the average is lower than $100,000.00 per year.

Yeah 100k gets you shit here. Especially since average house price in Auckland is 1.1million , food, petrol , electricity, services gas, cellphone, internet ,Netflix, neon, etc 100k all gone. You need 400k a yr.

Taxes is actually $23,920 for that salary amount. $27,425 is incorrect.

the uk would tax you 65% of that 100k which is 35k

NZ is too expensive and our dollar is not strong

thats such a small percentage!

As a New Zealander, i can say Auckland in New Zealand is soo expensive. Like the price of a regular house you want to buy is from 1 to 3 million. And don't even get me started on the groceries. But other than this, New Zealand is still a good place to visit.

And GST 15%

This makes it look much nicer than it really is. 100k isn't much here. Yet it's very hard to achieve in the new zealand economy. Buying property in New Zealand, particularly in its major cities, is expensive. The nation has one of the highest house-price-to-income ratios in the world. Average home price over 1 million. Buying for under a million is very difficult. The median weekly income for wage and salary workers in New Zealand was NZ$1,189 per week as of June 2022 (or NZ$61,828 per year). (Data from Stats NZ - Labour market statistics).

Compare this to other countries, My family of 5: Fibre broadband 80 per month Rent 3000 per month Power 400 per month Mobile plan 100 per month Petrol 300 per month Food 1500 per month School free Medical appointment 50 per visit Medication $5 per prescription Outdoors free Leisure expensive

Everywhere in the world if you report a high taxable income you get taxed high. The problem is ... if you are rich and have corporation expenses you can reduce your taxable income big time.

I took a look at the exchange rate with the USD and 1 USD = 1.79 NZD. $100k NZD = $55,885 USD. Better than the local average, but you will probably struggle in a metro area if you have to support anyone beyond yourself.

I met a fellow from NZ, he moved to the US to become a doctor. Now I understand why he did that.

Parks free, schools free, roads and bridges free, medical care free, beaches free, retirement gold card all internal travel free

The only people complaining here are the the NZ. Come to Luxembourg, and you soon will learn a lesson.

100k NZD is 55654.99 USD which means your take home amount is actually only 39626.99 USD, fuck all. Then you gotta deduct 15% GST, our fuel is heavily taxed and therefor expensive, Rent is extremely expensive especially in cities and if you think you will be able to buy a home anytime soon on this income think again, homes are crazy expensive and generally you are buying a very small home for a lot of money. This, this is why everyone just moves to Australia. Edit: Also could add Kiwisaver if you have it, which minimum is 3% of your income you wont see until you are 65(I think its 65, basically until you reach retirement around that age)

As a German I feel scammed

Actually not that bad . Come to Canada it’s so much tax that you will get annoyed

Is that a lot? I date someone who works for the federal government in Canada, they don't make anywhere near 100k...they net less than this

I lived in Christchurch for a year in 2015/2016. I'm from Canada and was working in the same profession I have at home except I was taking home about 55% of what I normally make.. I cant speak for everyone but compared to Canada the quality of life is alot worse. Its definitely got way better weather, scenery and the people are all right on but imagine living on 55% of what you're used too... I do hope to return one day permanently I absolutely loved it but its definitely a place you should be planning on bringing money too.

NZ citizen here; food is becoming expensive, fuel has already gotten quite expensive, the house prices… you wouldn’t believe. We have these “KiwiSaver” investment schemes which are good for economy and ensure steady long term growth for finance, but they’re too steady, and my KiwiSaver won’t be big enough to get a mortgage on a first owned home until 2033. My student loan will also be a burden but that was my choice, luckily I get the student allowance which is free for me but not the dear taxpayers. The government uses tax money in many ridiculous ways, we are still recovering from Covid and the economic trauma it caused, the upcoming recession will be quite something but whatevs. Owning a home and raising a family seems not only miles away but also challenging, impossible on a single salary, so I’m not surprised there is a “brain drain” of my smarter and academically equipped peers to Australia. I however plan on moving elsewhere such as Argentina, South Korea, or Romania.

Although that is true, the money doesn't go very far at all. 100K in NZ is less than 60K USD and everything is just as expensive.

That net income is still more than double my gross income.

Who gets 100,000 income in NZ ?? Mostly 68% population EARN below 100K. Like annual income starts with 45k , 55K , 60K 65K 75K 80K THATS IT. 32% MAKE ABOVE 100K AND SUFFER with taxes 😂🤣😂

Acc is optional. However you would be dumb not to take it.

Not quite accurate. The ACC levy is specifically designated for personal injury insurance. In return, nobody can be sued in the event of anyone sustaining an injury.

Add 15% GST, 50-60% petrol tax, expensive meat (we export all the good stuff and overcharge our people), registration costs and now you are about 50-60% of your money gone to the govt gang and their kosher money printers.

Not bad, if it's Canada forget about.

NZ living cost is one of the highest among the world. Many people live from pay to pay and have no saving. I felt NZ living quality is lower than Australia and China.

that is absolutely a low income tax.

That's better than 35% tax bracket plus all the sales tax plus property tax , it's like if you give them a dollar the turn and ask for another.

That about the same in America for people that make less than $250k if make more you’ll be taxed more…

Still cheaper than 🇨🇦

Plus 15% goods and services tax on everything.

No too shabby, I would have thought they would tax higher….

PAYE at 33% not 28.5% 😊

Lol, in croatia we lose 35% to income tax

Don't forget about the student loan cut

Then pays 15% gst on taxed salary 😮

Don't forget 15% gst on goods and services, fuel tax, tobacco tax, council taxes and duty.

That's so good. In Japan 50% haha So funny ay 😐

Still less than what we pay in India 😂😂, god.. it feels like someone is snatching money from you.

Sounds normal... Same in Canada. Biggest thing is what are you GETTING for your taxes?

Lot of comments from US, Canada etc. can’t really compare from one aspect but just know ACC is our accident insurance ( so your paid 80% your salary if you have an accident until you come back to work even if at fault) and universal healthcare is built in.

Yup in Nz this is so true it is just THE DAMN GOVERNMENT

Nearly identical to the average US tax rate.

Plus 15% on everything you buy. GST (goods and services tax)

You forgot 15% gst , goods and services tax .

I can say it's better than the uk

If you earn more than that, lets say 140 thousand then you will be paying 33% tax. (as rounded figure passing trough all three tax bands) General Sales Tax 15% on almost anything you buy. Rates on your house (which has GST applied to it) And hundreds of other taxes so not as simple as it may appear.

That’s not bad because they don’t tax products, no tipping, free healthcare and I’m a Republican.

Prison Planet

Nottt bad!!!!!

Yeah that’s actually not terrible lol, I think people just like to complain, they don’t know how insane it gets for tax in some places/most places. Edit: I do wish not so much tax was wasted on road work though. Better infrastructure like public transit is needed. Maybe go towards better school system, idk, just anything besides more pointless road crews and roadwork.

I hope the healthcare and education is for free

Should we all just relocate to Australia 🇦🇺. Sounds like the way to go.

Taxing isn't the problem, stealing that money for private use or to fund idiotic errors in public infrastructure or war is the problem.

GST is 15% on all purchases after you already been taxed. There is alcohol and cigarette tax, there is also petrol tax. Now work it out?

Amazing place to live

Don't forget free hospital medical care. Free education up to year 13. Yes there are associated costs to these services but hospital care is free unless you choose to have private medical care.

Then add 15 percent good & service tax on everything you buy so much of that 71k is also taxed another 15 percent. Is that acc for a pen pusher or a tradesmen

At least we have free healthcare 😅

I thought we had higher tax rates. I especially thought ACC was higher than that

Now talk about gst 15% Fuel levvies in Auckland 15 cents per litre. Etc...

nz in the house!!!

USA have to pay on 31%

Then after tax they tax u again with vat or duty or fuel tax or car tax and national insurance and poll tax and then they fine u with speeding tickets and parking tickets and......

Plus the taxes in all food and stuff you will end at 38%

Wrong. Tax is 33% @ 100k His using low income PAYE

Bitcoin was the end of income taxes and possibly even the end of nation states. Look at the book The Sovereign Individual to see a world where individuals have more power than legacy systems.

that is about correct i live in nz

What about Goods and Services Tax at 15% (GST)?

Much is minimum wage in new Zealand for nursing please

In Germany 40%.. ne happy my friends 😂😂😂

Haven’t watched the video yet, I lived in New Zealand my whole life ( just recently moved to the uae) but ima predict that it’s gonna be 20k 💀 Edit: watched the vid and that’s gotta be cap

And where does all our tax money go? Who fucking knows, the place is falling to bits

And the kiwi saver.....😢

GST...everyone pays that, too.

But,they have decent healthcare and gun control.

Isnt NZ implementing Free healthcare and education ?

What about the taxes when you go to spend it?

Didn't add student loan repayments and kiwi saver

Not bad at all. Pakistan has more tax than this these days.

Yeah that won't get you much living here in Queenstown

Not bad , not bad huh

That’s not bad

100,000 NZD is not a lot

Any idea about income of CA NZ in aukland ?

Auckland and New Zealand

15% on top of 28.5% which is effective tax rate of 40.56% and prices are high

Sir i have an immigration company could you please tell me how can i tay up with newzealand's companies

Great deal considering you don't have to spend $20k USD a year in healthcare for 2 people. NZ taxes pay for so much more than in the States. I'll take 28.5% any day! Also that's misleading as it's a graduated tax rate not a flat tax.

Bro you making $100000k for your music!?