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Overtime & Bonuses

Overtime and bonuses are categorized as part of your pay and are subject to Income Tax.

How are overtime and bonuses taxed?

  • Your bonus or overtime is added to your weekly/monthly pay.
  • Your pay is then taxed at the basic or standard rate of tax up to your rate band, that is, 12.5% up to the first $50,000 of taxable income.
  • Any pay above your rate band limit is taxed at a higher rate, that is, 28.5% on any taxable income above $50,000.