GST will affect ACC Earner Levy

It’s a little known fact but as ACC Earner Levy is not a Tax but a Levy, therefore the increase in GST will have an affect on it.

The current rate of Earner Levy is 2% of Liable Earnings, this will increase to 2.04% from October 1st.  This has not been mentioned by the Government in all their spin about how better off we will be with the tax changes that kick in on October 1st.