ACC and Kiwisaver

Reminder: KiwiSaver Member Tax Credit Deadline – 30 June 2017

To receive the full KiwiSaver member tax credit of $521.43 for the 2017 year, KiwiSaver members must ensure that they have contributed at least $1,043 for the year ended 30 June 2017. The KiwiSaver member tax credit is the government’s contribution to KiwiSaver accounts. The maximum credit available from the government is $521.43. In order to

2017-05-19T09:30:12+00:00 May 16th, 2017|ACC and Kiwisaver|

End of ACC’s Workplace Safety Discount

On 1st April 2017, the ACC’s Workplace Safety Discount for small businesses and self-employed people was discontinued. Introduced 10 years ago to encourage small businesses to implement health and safety systems, it has now been superseded by the ACC’s introduction of new health and safety laws last year.  If you are currently on the Workplace

2017-05-08T11:27:44+00:00 May 8th, 2017|ACC and Kiwisaver|

ACC Levies and Protecting Your Income

Mark Morgan-Kemp from NZ 1st Financial Services discusses income protection for self-employed people. If you are self-employed it is worth comparing the differences between ACC’s cover products, ACC CoverPlus and ACC CoverPlus Extra, to ensure you will be adequately covered in the event of an accident. By definition, you are categorized as self-employed if you

2015-07-03T12:10:42+00:00 July 3rd, 2015|ACC and Kiwisaver|

Lower ACC Car Levy Rates

ACC is implementing a new system which will see the ACC levy portion of vehicle licensing fees (rego’s) reduce by an average of 41%.  From 1st July 2015 onwards, light passenger motor vehicles have been assigned a levy band based on how well the vehicle is likely to protect its occupants from serious injury in

2015-07-02T14:11:27+00:00 July 2nd, 2015|ACC and Kiwisaver|

Changes to KiwiSaver

KiwiSaver and HomeStart On 1st April 2015, the KiwiSaver HomeStart grant was introduced in place of the KiwiSaver first-home deposit subsidy.  The HomeStart grant provides eligible buyers with up to $5,000 for individuals and up to $10,000 for couples to put towards the purchase of their first home, where it is an existing home.  For

2015-07-02T14:07:25+00:00 July 2nd, 2015|ACC and Kiwisaver|

KiwiSaver: Important Date 30th June 2014

The KiwiSaver year ends on 30th June.  Provided you are over 18, have been in KiwiSaver for the full year, and have contributed at least $1,043, you will be entitled to the full member tax credit of $521.43.  This maximum tax credit of $521.43 equates to 50 cents for every dollar of member contribution up

2014-05-12T11:57:00+00:00 May 12th, 2014|ACC and Kiwisaver|

How To Reduce Your ACC Costs Or ACC Premiums

Most self-employed Kiwis think their own ACC costs are too high and that the ACC premiums are just another tax - and in many ways they are correct. The Accident Compensation Corporation (ACC) provides comprehensive, no-fault personal injury cover for all New Zealand residents and also to visitors to New Zealand, and acts in a

2014-02-27T12:36:43+00:00 February 27th, 2014|ACC and Kiwisaver|

Taxing Matters

Taxing matters provides a summary of topical tax and business information relating to individuals and business. Business Benchmarking  The IRD maintains and publishes a number of industry performance benchmarks including for accommodation and food services, construction and retail amongst others. The industry benchmarks can be found at 2012 Tax Return Deadline A reminder that if