02 / Individual income tax

Income minus expenses. That is the starting point.

Estimate individual income tax after deductible business expenses using current NZ progressive rates.

Individual / sole trader

Move the income and expenses bars to match your annual numbers.

Annual income / sales$85,000

$0$500k

Annual deductible expenses$20,000

$0$500k

Estimated individual income tax$11,721/ year

Taxable profit after expenses$65,000

Monthly amount to put aside$977

This estimate uses current NZ individual tax rates or the 28% company tax rate, verified against Inland Revenue guidance on 12 September 2026. It excludes GST, ACC, tax credits, losses carried forward, shareholder salary, dividends, provisional-tax rules and other adjustments. Check IRD individual rates and company rates .

Your calculator did the maths.

Now let’s give the assumptions some real-world context before you make the move.

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