ACC Levy Changes

Changes to next year's ACC levies were announced at the end of the year. The average annual vehicle levy will drop about 8 percent, to $190, effective from 1 July. However, the self-employed will be subject to a 10 percent increase, taking their levies to $3.54 for every $100 of earnings*. The employers' levy* remains the same ($1.21 for every $100 earned) but the levy on all earners increases nearly 9 percent, to $1.16 for every $100 of earnings. All levies are exclusive of GST, and the earnings levies are effective from 1 April this year.

* Note: These are average rates. Individual rates for industry groups may increase or decrease relative to the average rate movements based on recent experience.

For more information see the ACC website at: www.acc.co.nz

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