Mark is an Electrician who earned taxable income of $80,000 pa. and paid $2,986 in ACC Cover Plus standard levies.
Mark also paid $4,696 a year for personal Income Protection and Life & Trauma Insurance on his wife and himself, plus Medical Insurance for his family of 5.
Total cost of Protection $7,682.
Mark switched to CoverPLus Extra, dialed back his ACC to 40% of his taxable income.
Mark now only pays $ 1,731 a year to ACC.
Total cost of Protection $ 6,427 a year. Saving him $1,255 a year!
**If you’re interested in reducing your ACC levies, feel free to email me at firstname.lastname@example.org I will be more than happy to assist you.
Mary Holm: Let’s make most of KiwiSaver (Click here…)
Mary answers readers’ questions about KiwiSaver and exchange rates. (NZ Herald)
Bernard Hickey:Why I’m a grumpy whinger (Click here…)
It’s been just over 4 years since US banks began reporting heavy losses on sub prime mortgages, triggering the worst Global Financial Crisis in almost a century. (NZ Herald – Show Me the Money Blog)
NZ needs working boomers (Click here…)
New Zealand needs to tap into the economic potential of the retiring baby-boom generation if it is to offset the cost of supporting them, a new report says. (NZ Herald)
Amanda Morrall: How much rent can you afford? (Click here…)
With good reason there is a lot of doubt about official numbers lately, be it Budget forecasts, inflated returns, IMF reports, Standard & Poor ratings or media reports regurgitating the figures and accepting them at face value.
Squeeze may hit Wellington’s housing (Click here…)
The Government’s $1 billion belt-tightening could put the brakes on Wellington’s housing market recovery, ASB says. (Stuff)
Inflation tipped to hit 20-year high (Click here…)
Inflation could blow out to 10 per cent over the next five years, well above the Reserve Bank target of 1 per cent to 3 per cent, according to funds management company NZ Funds. (Stuff)
Cheaper power checks urged (Click here…)
A campaign to help households reduce their power bills could save consumers up to $240 million a year. (Stuff)