Originally Posted by
Babyjet_dododo
Taxes - You’ll have to save to pay the IRD approximately 15% of your total income, this includes approx 15% of the school allowance and pilot allowance.
Bear in mind that you'll have to pay double that for the first year, because you will be charged tax on the amount you have earned, plus the same again in provisional tax for the following year. And there's no PAYG tax, so you need to put some aside each month to pay for the tax bill when it eventually arrives. If you don't have enough to pay the bill, you'll need to arrange a tax loan from one of the banks.