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How much is the ACC levy?

How much is the ACC levy?

Current Earners’ levy rate This is a flat rate, currently $1.21 per $100 (excluding GST) of your liable income.

What is an ACC levy?

ACC levies fund injury claims from all New Zealanders. As a small business owner you’ll pay an ACC Work levy each year which provides cover for you and your people – your most important asset. You’ll also deduct the ACC Earners’ levy from employees’ wages.

How do you know how much your ACC levies will be?

If you’re new to business or just want an idea of how much your levies will be, try our levy estimator.

  1. Estimate your levies.
  2. Log in to MyACC for Business.
  3. Register for MyACC for Business.
  4. Find your BIC code.
  5. Levy guidebook 2021-2022 (PDF 1.1 MB)
  6. Understanding your claims history and your levy.
  7. Email [email protected]

How much is the ACC Earners Levy in New Zealand?

Earners’ levy rates are dropping to $1.45 per $100 of liable earnings from 1 April 2014. The Earners’ levy income cap is also being adjusted. NZ Salary and wage earners will receive more net pay from the 1st of April as the ACC earners’ levy drops to 1.70% from 2.04%.

When did the ACC rate drop to$ 1.45?

Employees to save 17% on ACC levies from 1 April 2014. Earners’ levy rates are dropping to $1.45 per $100 of liable earnings from 1 April 2014. The Earners’ levy income cap is also being adjusted.

What is the tax rate for ACC Earners?

ACC earners’ levy rates Income tax Income tax Income tax Earners’ levy charged at a flat rate each year. These amounts include GST. Year Levy rate; 1 April 2020 to 31 March 2021: $1.39 per $100 (1.39%) 1 April 2019 to 31 March 2020: $1.39 per $100 (1.39%)

Do you pay levies on your nominated level of cover?

CoverPlus Extra uses your nominated level of cover instead of your liable income. Contact us if you need information from previous years. You’ll only pay levies on an individual’s earnings up to the maximum level. If an employee