Podcasts Education Self-Improvement Keep The Change Money Mail 186 - Students lose 45% of a portion of their income?

Money Mail 186 - Students lose 45% of a portion of their income?

Published: Nov. 30, 2023, 4 p.m.

b'For those with student loans, 12% of all income above the IRD threshold ($22,828 at present) has to be repaid against the student loan. This is calculated on your gross income (before tax) not your net income / take-home income. They are feeling the pinch from the cost of living and tax brackets not moving. No wonder they are finding it hard to then save money also. Check this one out!

Hey thanks for listening! Please take some form of action from this content, don\\u2019t just be a consumer, become a producer! Make sure you\\u2019re subscribed to Money Mail via Keepthechange.co.nz to receive our weekly lesson on money and financial literacy. Stay close to us on social media and share this with someone that you think this content will help. Together we can collectively improve the financial literacy of New Zealand - let\\u2019s get on with it.

Find us here:
@keepthechange_nz
https://www.keepthechange.co.nz/

Hosted on Acast. See acast.com/privacy for more information.

'