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Tax rates for Save
Tax rates for Save

Learn which tax rates apply for Save

Sharesies Help avatar
Written by Sharesies Help
Updated over a year ago

Interest earned on money deposited in Save will have Resident Withholding Tax (RWT) deducted. The rate of RWT that applies to you depends on your individual circumstances. The following RWT rates exist in New Zealand:

  • 10.5%

  • 17.5%

  • 30%

  • 33%

  • 39%

You'll need to select your RWT rate when you open your Save account. More information about RWT rates and how to select the right rate for you can be found on the IRD website. If you don't select a rate we will apply the default rate. which is 33%.

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