This calculator helps self-employed New Zealanders understand and plan for their ACC levies, including the CoverPlus Extra option that lets you agree a set level of cover rather than have it based on your variable income. You enter your earnings and business type, and the tool estimates your likely ACC levies and shows how an agreed cover amount under CoverPlus Extra would change both your levy cost and the income you would receive if injured and unable to work. The breakdown separates the levy components and compares standard CoverPlus with CoverPlus Extra, helping the self-employed budget for a cost that often arrives as an unwelcome surprise and choose the cover that genuinely fits their situation.
Your levy rate per $100 of earnings depends on your occupation or business classification and is set by ACC, which also applies minimum and maximum liable earnings. Standard CoverPlus pays about 80% of your earnings if you cannot work; CoverPlus Extra pays the full agreed amount you set. Rates and caps change, so use current figures. Estimate only, general information, not financial advice.
ACC levies for the self-employed are worked out by applying a levy rate to your liable earnings, where the rate reflects the injury risk of your occupation. Standard CoverPlus bases your cover on your earnings and would pay around 80% of them if injury stopped you working. CoverPlus Extra instead lets you agree a fixed amount of cover, and you pay levies on that agreed amount and receive the full agreed amount if you cannot work. The calculator applies your rate to both your earnings and your agreed cover so you can compare the levy cost and the payout side by side.
On $80,000 of earnings at a $1.20 per $100 rate, the standard CoverPlus levy is about $960, with a payout near 80% of earnings if injured. Choosing CoverPlus Extra with $70,000 agreed cover gives a levy of about $840 and a payout of the full $70,000, which is around $1,346 a week, giving certainty over what you would receive.
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