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 MyNBR Tags
Most listened to
- In his Editor’s Insight, Nevil Gibson reveals New Zealand has moved up one place world competitiveness
- Political Editor Rob Hosking on the Labour Greens Cuddle up
- G3 CEO Mark Brightwell on the mail company's expansion plans
- In his Editor’s Insight, Nevil Gibson says the economics and politics of Argentina in the 1950s make interesting parallels with today
- Partners Life founder Naomi Ballantyne tells NBR Radio what Blackstone's investment means for the company's IPO plan