What ME means
ME is the main-job code for people who qualify for the independent earner tax credit (IETC). Your employer takes slightly less tax each payday, so you get the credit through the year.
Who can use ME
- It's your main or only job.
- Your total income for the year is between $24,000 and $70,000.
- If you have more than one job, your main job alone pays more than $24,000.
- You're an NZ tax resident.
Who can't
Use M instead if you or your partner get Working for Families, or you get NZ Super, a main benefit, a veteran's pension or an overseas equivalent.
Income changes during the year
The full credit only applies up to $66,000 and reduces to nothing at $70,000. If your income ends up above $70,000, switch to M with a new IR330 — otherwise you may owe tax at year-end.
Student loan?
Use ME SL. See student loan tax codes.
Check your own numbers. Use the tax code picker to get your code in a few taps.