Accident Compensation Corporation (ACC) Levies: Who Qualifies and What You Get
Learn how self-employed individuals in New Zealand access injury cover through ACC levies and what you need to know about the costs.
This scheme provides essential personal injury cover for individuals through a system of mandatory levies.
Who it's for
This scheme is specifically for individuals who are self-employed. If you work for yourself rather than being an employee of a company, you fall under this system to ensure you have personal protection.
What you get
The primary benefit is coverage for personal injury costs. This protection is designed to be universal, meaning you receive cover regardless of fault. Whether an injury was caused by an accident at work or elsewhere, the scheme is designed to assist with the resulting costs.
What it costs you
To maintain this coverage, you are required to pay an annual levy. The specific amount you must pay is not a flat fee; instead, it is calculated based on your earnings. As your income changes, your contribution to the levy system will adjust accordingly.
The catch to know
A common detail that many people miss is how their specific work is categorized. For example, self-employed traders are often classified under "Business Services" when the levy is being calculated. Understanding how your specific type of work is grouped is important for knowing how your levies are determined.
How to apply
- Confirm your status as a self-employed individual.
- Calculate your total earnings for the year to prepare for your levy calculation.
- Check how your specific trade or profession is categorized by the issuing body.
- Manage your annual levy payments to ensure your injury cover remains active.