How much should I set aside for tax?

How much should I set aside for tax?

The short answer

The Tax page tells you: “Put aside N% of what you make after costs.” It covers income tax and ACC, plus student loan if you have one. The Tax pot on Today shows the amount for this tax year.

Set aside so far is the total for this tax year (1 April to 31 March). It’s worked out from your fares, costs and the rates IRD publishes.

It’s an estimate from your records, not a bill. Your return, or your accountant, decides what you actually owe.

IRD: tax for ride-sharing drivers (opens outside WorthMile)