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
- Fuel crisis latest – pipe repair progress as government loosens rules for fuel trucks
- Horizon poll: how voters rate National vs Labour on 17 major issues
- Air NZ restricts ticket sales as Auckland fuel shortage bites
- MARKET CLOSE: NZ shares up, but Air NZ drops as more flights cancelled
- Jacinda targets and tempts youth vote at Victoria campus
Most listened to
- Takeover bidder chief executive Alastair McGregor sells its competing vision for NZOG
- Airways executive Tim Boyle discusses fuel saving measures
- Labour leader Jacinda Ardern appeals to youth, who have enrolled in lower numbers for this election
- Synlait managing director John Penno on his company's strategy and outlook
- Horizon manager Grant McInman on the issue where voters trust National and where they prefer Labour
- NBR Radio: best of the week ended September 15, with Grant Walker