Inland Revenue Department (IRD) has made the following changes effective 1st April 2025, which will impact the applicable staff from our next pay day 1st April 2025.
ACC Earner Levy – increased from 1.60% to 1.67%
- The maximum fortnightly threshold also increased from $5472.72 to $5876.54
- Therefore, the PAYE tax (which includes the ACC earner levy) will increase for most staff (up to a maximum of around $10.58 per fortnight).
Minimum Wage (Adult rate) – also increases from $23.15 to $23.50 per hour, but as Unitec currently pays a minimum of $26.00, this change does not impact us.