Learn about how your salary or wages get taxed and what you need to do to make sure you pay the right amount of tax. Find out about the ACC earners' levy, what income is liable and how the premium is paid.
If your income is from salary, wages, benefits or taxable pensions, your tax will automatically be deducted under the pay-as-you-earn (PAYE) system. This means when you get your weekly, fortnightly, or monthly pay, your tax has already been deducted from it.
Income that you receive from personal effort is liable for ACC earners' levy. This levy is charged to cover the cost of rehabilitation and compensation following non-work related injuries.