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Online 2005 personal tax summary (PTS) calculation

Worksheet for ACC earners' levy

Copy your total taxable earnings from salary and wages to Box 1.
Copy your total taxable earnings from salary and wages that are not liable for earners' levy to Box 2. Refer below for a list of income not liable.
Subtract Box 2 from Box 1. Print the answer in Box 3. (If the answer exceeds the maximum liable earnings of $92,189, print $92,189 in Box 3.) This is your income liable for ACC earners' levy.
Multiply Box 3 by 0.012 (1.2%). Print your answer in Box 4. This is your ACC earners' levy.
Copy your total PAYE deductions from salary and wages to Box 5.
Copy your total ACC earners' levy from Box 4 (above) to Box 6.
Subtract Box 6 from Box 5 and print the answer in Box 7. This is your total tax deductions.

Income on which ACC earners' levy is not payable

The following income is not liable for earners' levy:

  • NZ Super
  • income-tested benefits
  • non-taxable allowances
  • student allowances
  • Veteran's Pension
  • living alone payments
  • redundancy payments
  • retiring allowances
  • jury and witness fees
  • income from a partnership earned by a non-working partner in that partnership
  • pensions from superannuation schemes not registered with the New Zealand Government Actuary
  • overseas pensions
  • interest and dividends
  • taxable Maori authority distributions
  • rents
  • estate and trust income
  • royalties.
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Date published: 04 Apr 2005

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