ACC levies drop from today

Judith Collins

An effective tax cut for workers and businesses applies from today with a reduction in ACC levies.

ACC Minister Judith Collins says it amounts to $387 million total saving and is a result of the scheme’s “excellent performance” over the past few years.

“It marks the 40th birthday of the Accident Compensation scheme and it’s great that New Zealanders will be celebrating by keeping more money in their pockets,” she says.

The average household will be just over $200 better off each year from today, while small businesses will gain around $180 in saving. Larger employers will receive, on average, a $6000 reduction.

This article is tagged with the following keywords. Find out more about My Tags

NZ Market Snapshot

Forex

Sym Price Change
USD 0.7760 0.0013 0.17%
AUD 0.9520 0.0016 0.17%
EUR 0.6329 -0.0007 -0.11%
GBP 0.4967 0.0010 0.20%
HKD 6.0196 0.0123 0.20%
JPY 92.9240 0.3400 0.37%

Commods

Commodity Price Change Time
Gold Index 1195.4 -2.890 2014-12-19T00:
Oil Brent 61.4 1.580 2014-12-19T00:
Oil Nymex 57.1 2.910 2014-12-19T00:
Silver Index 16.0 0.096 2014-12-19T00:

Indices

Symbol Open High Last %
NZX 50 5527.8 5553.7 5527.8 0.25%
NASDAQ 4752.6 4782.1 4748.4 0.36%
DAX 9827.3 9895.5 9787.0 1.06%
DJI 17778.0 17874.0 17778.2 0.15%
FTSE 6545.3 6620.9 6545.3 0.86%
HKSE 23264.0 23478.9 23116.6 1.26%
NI225 17685.5 17692.6 17621.4 0.08%