Tertiary students with a student loan will be required to repay their student loan at arate of 12% of their total gross earnings above the $367 per week threshold. Ifa student earns under this amount, then no student loan deductions are requiredin that weekly period.
During thelonger school holidays where a tertiary student is working full-time andearning over $367 gross, if they are still registered as a full-time tertiarystudent they can apply for a ‘Student loan repayment deduction exemptioncertificate’. Students must apply for these themselves and they can do byapplying online with the IRD
http://www.ird.govt.nz/studentloans/payments/compu...
An employeris legally obliged to deduct student loan amounts unless the student providesthem with a current exemption certificate. The exemption applies for upto one tax year 1 April – 31 March at a time.
During thelonger school holidays where a tertiary student is working full-time andearning over $367 gross, if they are still registered as a full-time tertiarystudent they can apply for a ‘Student loan repayment deduction exemptioncertificate’. Students must apply for these themselves and they can do byapplying online with the IRD
http://www.ird.govt.nz/studentloans/payments/compu...
An employeris legally obliged to deduct student loan amounts unless the student providesthem with a current exemption certificate. The exemption applies for upto one tax year 1 April – 31 March at a time.
