The following are the changes taking place from April 1st, 2022. These will kick in on the first pay ‘paid’ in April.
- ACC EARNER LEVY – The ACC Earner (employee) Levy Rate increases from $1.39 to $1.46 per $100 of earnings. Employees will see a small increase in their taxes and a small decrease in their take-home pay.
- ACC EARNER LEVY THRESHOLD – The maximum income to which the ACC Earner Levy is applied increases from $130,911 to $136,544.
- STUDENT LOAN THRESHOLD – The Student Loan Threshold increases to $21,268. The deduction remains at 12%.
- MINIMUM WAGE – The minimum wage increases to $21.20, an increase of $1.20. The new minimum wage rate applies for all hours worked from April 1st, 2022.