Calculating your levies

The amount of levies you pay each year depends on:

• your CU – what work you do and the industry you're in
• if you have staff – how much you pay them
• if you're self-employed or a contractor – how much you earn and if you work full-time or part-time
• the type of cover you're on.

Calculate your levy

Use our levy calculators to calculate your levies. Unless you've applied for one of our optional cover products, you'll be on our standard cover.

Just want an estimate?

If you’re new to business or just want an idea of how much your levies will be, try our levy estimator.

Estimate your levies

What you need to calculate your levies

Before you can calculate your levies you need to know your:

• type of cover
• Business Industry Classification Code (BIC) or Classification Unit (CU)
• liable income (if you’re self-employed or a shareholder-employee)
• liable payroll (if you’re an employer)
• employment status – full-time or part-time work (if you’re self-employed).

How to find your BIC code or CU

Find your CU on your invoice. You can also search for your BIC code. Once you've found it you'll see your CU as well.

Find your BIC code

How to find your liable income or payroll

Your liable income or payroll is based on the income information you declared with Inland Revenue on the:

• IR3 Individual income return (for self-employed people)
• IR4 Companies income tax return (for shareholder-employees)
• IR348 Employer monthly schedule (for employers)
• IR7 Partnerships and look through companies (LTCs).

The min and max income you’ll pay levies on

We set the minimum and maximum levels of liable income on 1 April every year. If your income or your employee’s income is above or below these set amounts, we’ll use this to calculate your levies.

If you’re self-employed

No matter what your employment status, you’ll only pay levies on your liable income up to the maximum level.              

Your work hours include all the hours you work per week, even if you have more than one job.

If you work part-time

Part-time work is an average of 30 hours or less a week over a tax year. If you work part-time you won’t be affected by the minimum level. We’ll levy you based on your actual liable income.

If you work full-time

Full-time work is more than 30 hours a week on average over a tax year. If you work full-time and earn less than the minimum over a tax year, we’ll use the minimum amount to calculate your levies for that year.

If you work full-time and earn more than the minimum over a tax year, we'll levy you based on your actual liable income.

CoverPlus

CoverPlus Extra

Contact us if you need information from previous years.

If you employ staff

You’ll only pay levies on an individual’s earnings up to the maximum level. If an employee on your payroll earns more than the maximum, we’ll only levy you for the maximum.

Contact us if you need information from previous years.

Current levy rates for businesses

We calculate your levies based on your liable income multiplied by your levy rate, per $100 of your liable income. Our levy rates guidebook has the full list of CUs and their levy rates:

Download our levy rates guidebook for 2018-2019

Contact us

If you have any questions or want to know more, contact our business team:

Email business@acc.co.nz
Phone 0800 222 776  (Monday to Friday 7am – 7pm) 
Phone (self-employed) 0508 426 837 
Phone (overseas) +64 4 816 7880