ird.govt.

nz

IRD Number 077-197-982

Reference L1616702184
MISS PAIMASITINA MOTU
Issued 03 April 2024
19 HALE STREET
BLENHEIM 7201

Overseas-based repayment obligation

issued under the Student Loan Scheme Act 2011

You need to pay

Student loan assessment
for year ending 31 March 2024
$5,029.40

Your loan payments

Your student loan assessment is how much you need to pay towards your loan for the year
ending 31 March 2024. Your assessment is due in two payments.

You must pay at least this much this year. If you pay by the due date you will not be charged
late payment interest (the current yearly rate is 7.30%).

How we work out your loan payments

While you're overseas your loan payments are based on the size of your loan.

On 31 March 2023 your loan balance was $94,537.38. Because your loan balance was over
$60,000, your loan payments are $5,000.

Student loan payments (your assessment) $5,000.00

Plus late payment interest $29.40
Less payments and other credits $0.00
You need to pay $5,029.40

The next page shows how your payments may change if your loan balance changes.

IN CONFIDENCE
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How to make loan payments
You can make any payments due, or extra payments to pay off your loan sooner, from almost
anywhere in the world by online money transfer. Check our website for providers who do not
charge fees for this service.

Go to www.ird.govt.nz/pay to find out about paying by:

• direct debit
• credit or debit card
• internet banking.

If COVID-19 has affected you, we have ways to help. Go to www.ird.govt.nz/covid-19 to

find out more.

How your loan payments may change

While you’re overseas you make two student loan payments a year. How much you have to pay
is based on the size of your loan balance when you left New Zealand.

At the end of the tax year, if your loan balance has increased, next year’s payments may
change. If your loan balance has decreased, they will not change.

If your loan balance is your first payment your second payment

under $1,000 half your loan balance half your loan balance
$1,000 and up to $15,000 $500 $500
over $15,000 and up to $30,000 $1,000 $1,000
over $30,000 and up to $45,000 $1,500 $1,500
over $45,000 and up to $60,000 $2,000 $2,000
over $60,000 $2,500 $2,500

Keep track of your loan in myIR

myIR is Inland Revenue’s secure online service and is a great way to keep track of your loan.
You can see what you’ve borrowed, check your loan balance, make payments, find options if
you cannot afford repayments and update your details.

Go to ird.govt.nz/myIR to find out more.