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NZ Payroll Update 2020

These changes are effective as of 1 April 2020

ACC Levy threshold has increased from $128,470 to $130,911 - earnings over this are not subject to ACC levies.

Student Loan repayment annual threshold has increased from $19,760 to $20,020.

Student Loan weekly threshold increased by $5 a week from $380 to $385.

Minimum Wage -  increased from $17.70 to $18.90 per hour. 

Starting out Wage Workers & Training - increased from $14.16 to $15.12 per hour.

Primary carers leave - Increased from 18 to 22 weeks (Effective 1 July 2020)

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Watch this video below to see how AccountRight Cloud services can work for you.

Watch this video to see how using bank feeds can save you time.

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See how Essentials Payroll and make processing quick and easy

 

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