Employer invoicing by ACC takes place in July and is based on
employee earnings for the year ended 31 March.
The IRD provide ACC with relevant earnings data from employer
monthly schedules. From this information, ACC calculates the
total levies due.
Self Employed Invoicing is based on self employment earnings
included in your IR3 Income Tax return. The Levies are
calculated after the return has been processed by the IRD and the
relevant information has been provided to ACC.
Non-PAYE Salaries paid to shareholder employees are required to
be declared by the company in the IR4 Income Tax return. The
Levies are calculated and charged to the company after the return
has been processed by the IRD and the relevant information has been
provided to ACC.
Self Employed Persons, Partners and Shareholder Employees
can apply for ACC Cover Plus Extra which is an agreed value policy
where you pay based on a level that is appropriate to your
We have found that this cover option is beneficial in the
- When you have other insurances in place that provide assistance
for any personal accidents or illness.
- When you have other sources of income such as investments that
mean that you would not require the income if you are unable to
- For business where the profit can vary from year to year (such
- To arrange cover for Partners using a split other than that
required for income tax purposes
The premium is slightly higher than the standard option
but has the following additional advantages:
- The classification relates to the actual activity you are
personally engaged in rather than based on the company /
- Being an agreed value policy, payment is automatic ie there is
no requirement to provide detailed information regarding the
company to ACC when making a claim.
The Classification Unit
Rate is based on the actual cost of work-related injuries
that occur within your classification unit. A classification
unit is a group of businesses that operate within a similar
The Residual Claims Levy
Rate covers ongoing costs for old injuries that occurred
before 1999. In 1999 the ACC funding was changed to cover the
full lifetime costs of injuries that occured in that year.
For more information on ACC premiums visit the ACC website.