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Payroll Changes for 1 April 2018

Payroll Changes for 1 April 2018 13 February 2018

Tax rate changes for MacBusiness Payroll for 1 April 2018 have been announced:

  • The maximum ACC earnings threshold increases from $124,053  to $126,286 per annum.  The ACC levy rate will remain at $1.39.
  • The earnings threshold for Student Loan deductions increases from $19,136 per annum to $19,448.

From next month (March) you can go to Setup, click the "Tax/ACC/KiwiSaver tab", and click "Update Tax Rates" to load these new rates. The new tax rates won't be applied until you load a pay with a payment date in April. Alternatively, you can wait till you get a prompt from Payroll to update them automatically when you load your first pay with a payment date in April.

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