Setting you up for your first part-time job
On the verge of adulthood and thinking of taking the first step toward independence?
It's exciting to start earning your own money! And having a job could show you have initiative and a work ethic. You may learn worthwhile skills along the way and it’ll also look good on your CV (future employers and university admissions might take this into account). No matter what your job is, the experience you gain (e.g. working with people) could help you succeed later on.
Looking for job ideas?
Here are some of the businesses that typically hire teens:
- Restaurants
- Movie theatres
- Cafes
- Retail shops
- Grocery stores
Apart from having a bank account to get your pay coming in, there are some things you should know.
Understanding taxes
What is an IRD number?
Your IRD (Inland Revenue Department) number is an eight or nine digit number unique to you, issued by Inland Revenue. It helps the Government know how much you earn and every employer will need it to process your wages.
Visit ird.govt.nz to find out how to set yours up.
Let us know your IRD number and update your Resident Withholding Tax (RWT) Rate.
The money you save in your bank account earns interest and you pay tax on this interest. The tax you pay is called 'Resident Withholding Tax' (RWT). We take the RWT from the interest you earn and pay this to Inland Revenue on your behalf. The amount paid to Inland Revenue will depend on your RWT rate and whether you have given us your IRD number.
If you don't give us your IRD number, you may risk paying more tax than you should, and your RWT rate will affect the amount of tax you pay. Find out more about RWT.
Let us know your IRD number and RWT rate to make sure you're paying the right amount of tax.
Sorting your taxes
No IRD number?
Know your tax details?
Call us now on 0800 803 804.
KiwiSaver
You may have heard people talking about KiwiSaver. We're here to help you figure out what it is and how it works.
Think of KiwiSaver as a long term savings scheme; except you can't usually touch the money until you're either:
- buying your first home or
- retiring (yes that is ages away, but if you start now, check out how much money you could have to play with then!)
and your funds are invested on your behalf. This means your balance can move up and down based on changes in the market.
What would you like to know about KiwiSaver?
Keeping up with KiwiSaver
Calculate your future balance
Play around with our ASB KiwiSaver Scheme Calculator to see how much money you could save up over the years.
Track your KiwiSaver
Signing up for KiwiSaver with ASB means you'll be able to see how your fund is tracking right here in the ASB Mobile app or FastNet Classic internet banking.
Chat to us to find out more
You could also pop into any ASB branch to chat with one of our experts. They can talk you through what your balance could look like, and how small changes you make now can make a big difference in the future.
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Frequently asked questions
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This page does not have regard to the financial situation or needs of any reader. As individual circumstances differ, you should seek appropriate professional advice.
Interests in the ASB KiwiSaver Scheme (Scheme) are issued by ASB Group Investments Limited, a wholly owned subsidiary of ASB Bank Limited (ASB). ASB provides Scheme administration and distribution services. No person guarantees interests in the Scheme. Interests in the Scheme are not deposits or other liabilities of ASB. They are subject to investment risk, including possible loss of income and principal invested. For more information see the ASB KiwiSaver Scheme Product Disclosure Statement available from this website and the register of offers of financial products at www.disclose-register.companiesoffice.govt.nz (search for ASB KiwiSaver Scheme).
