ACC Earners Levy changes 1st April 2012
This has reduced from $2.04 to $1.70 per $100 of gropss earnings.
Inland Revenue Department, Work it Out calculators and tools – PAYE/Kiwisaver calculator (make sure you select the correct income tax year)
Also the mazimum income earners levy has increased to $113,768
ACC Experience Rating 1st April 2011
From 1st April 2011 ACC have introduced Experience Rating . They will look at your work claims from the previous 3 levy years. A 'no claims' discount or 'experience rating' discount may apply if no weekly compensation claims have occurred. Discounts could be anything from 10% to 20% depending on billing values.
A loading (increase) may apply if you have had weekly compensation claim(s) with a total duration of more than 70 days, or any fatal claim. The loading percent will depend on claim(s). In extreme cases this could be as high as 20%. Some exception may apply for instance if you are below minimum liable earnings or you do not receive levies each year.
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