You can now set a
custom student loan deduction rate
for NZ employees who have an IRD exemption.
By default, the standard 12% rate applies. However, you can now override this rate to anywhere between
0% and 12%
.
Screenshot 2026-03-02 at 3
How to configure this:
  1. Go to the employee's profile
  2. Navigate to their
    Payroll > Tax Declaration
    section
  3. When a student loan tax code is selected, you'll see a new field to enter a custom deduction rate
  4. Enter the approved rate from the employee's IRD exemption
Once set, the adjusted deduction automatically flows through to payslips and IR filing.