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Expect a lower salary payment in April


27-Mar-2010

Back in December the Government announced an increase in ACC levies which are due to take effect as of next week.

Employees' levies will increase from $1.70 per $100 of earnings to $2.00 per $100 of liable earnings, capped at a maximum of $2,200.36 per year (earners' levy is only charged on the first $110,018 of earnings).

These ACC levy increases follow on the back of substantial increases incurred last year - the earners' levies are up over 40% since March 2009.

Increase in ACC Earners Levies, 2002-2010

Who pays ACC earners' levy? Pretty much everyone who earns income from a salary, wage or self-employment income. Non-labour income such as rents and royalties are exempt.

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