ACC Levies:
All payments to ACC for personal injury cover are called levies. Cabinet sets levy rates each year, which runs from 1 April to 31 March.
Almost 85% of the levies collected are used to pay for the costs of claims, with the rest funding the cost of injury prevention programmes and operating the ACC scheme (including levy collection). Income liable for earners' levy includes:
- Salary and wages (overtime, backpay, holiday pay, long service leave, bonuses or gratuities and taxable allowances)
- Shareholder-employee salaries
- Salaries to partners in a partnership
- Income from self employment
Please refer to the official ACC website for more information on ACC Levies.
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