New ACC Rates Set

May 21, 2019

The ACC levies have been set by regulation for the 2019-20 and 2020-21 tax years.

For both tax years the earners’ levy remains the same at $1.39 (GST-inclusive) per $100 liable earnings.  The minimum liable earnings for self-employed workers increases from $32,760 to $36,816.

The maximum liable earnings will increase for:

• self-employed people from $124,053 to $128,470 in the 2019-20 tax year, and to $130,911 in the 2020-21 tax year.
• employees and private domestic workers from $126,286 to $128,470 in the 2019-20 tax year, and to $130,911 in the 2020-21 tax year.

*Content courtesy of IRD.