ACC CoverPlus Extra Calculator

This calculator helps self-employed New Zealanders work out their ACC levies and compare standard CoverPlus with the CoverPlus Extra option, where you agree a fixed level of cover instead of relying on your variable income. You enter your annual liable earnings, your ACC levy rate per $100 of earnings, set by ACC according to your occupation or business classification, and the annual cover amount you would agree to under CoverPlus Extra. The calculator returns two side-by-side results: your standard CoverPlus levy, based on your actual earnings, along with the weekly payout you would receive if injured and unable to work, around 80% of your earnings; and your CoverPlus Extra levy, based on your agreed cover amount, along with the weekly payout you would receive under that option, which is the full agreed amount rather than a percentage of past income. Use it to see whether locking in a set level of cover costs more or less than standard cover, and whether the certainty of a guaranteed payout suits your situation better than one tied to fluctuating earnings. Because ACC levy rates and the minimum and maximum liable earnings thresholds change from year to year, always check the current figures for your industry classification before relying on the result. This is an indicative estimate only, provided for general information, and is not financial or ACC advice.

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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.