Payroll Pro - Version 2.45 (and higher)
Changes applying from April 2016
(For previous years changes in April 2015 click here)
ACC Earner Levy
ACC Earner Levy
The the ACC Earner Levy reduces to 1.39%.
The maximum income to which the ACC Earner Levy is applied increases from $120,070 to $122,063, giving a maximum levy of $1,696.67.
The ACC Earner Levy is a component of the PAYE.
The reduction from 1.45% to 1.39% applies to all employees, and will result in a small increase in net pay.
This change will automatically come into effect when you enter a pay period end date of 1 April 2016 or later.
The maximum income to which the ACC Earner Levy is applied is increased from $120,070 to $122,063, giving a maximum levy of $1,696.67. Previously this maximum income was $120,070 so this change effects employees who earn more than $120,070.
This change will automatically come into effect when you enter a pay period end date of 1 April 2016 or later.