Summary of changes
We recommend that you visit Inland Revenue’s website for more information.
ACC earner premium liable earnings
On 1 April 2024:
- The ACC Earner Premium increases to 1.60%.
- The maximum liable earnings for employees and private domestic workers increases from $139,384 p.a. to $142,283 p.a.
- The maximum liable earnings for self-employed people increases from $139,384 p.a. to $142,283 p.a.
Minimum wage rate
On 1 April 2024:
- The adult minimum wage increases to $23.15 per hour, an increase of $0.45.
- The starting-out and training minimum-hourly-wage rates increase from $18.16 to $18.52 per hour.
We can help you to import the new rates into your Affinity system. Ask us about the cost of this service and what’s involved.
Student loan repayment threshold
The annual student loan repayment threshold has increased to $24,128 (or $464 weekly) for main employment income.
First pay run of the new tax year
When you have processed your first pay run, please check the Control Account Report to see that the YTD figures have been cleared down.