Changes to self-employed levies

Released 01/04/2019

For the 2020 Levy Year, we’re making some changes to how we levy self-employed customers.

How your CoverPlus levy is changing

Previously, we levied self-employed people during the levy year, based on their previous year’s earnings.

From the 2020 Levy Year and onwards, we’ll be levying self-employed people after the levy year has finished, based on their actual earnings. 

This means you’ll receive your 2020 CoverPlus invoice starting around July/August 2020 instead of July/August 2019 like you might be used to. It won’t be based on your previous year’s earnings, instead it will be based on your actual earnings, filed with IR, for the year ending 31 March 2020. 

Let us know if you cease trading

If you ceased trading in the 2019 Levy Year, you’ll have already paid a CoverPlus invoice based on your 2018 earnings.  Let us know what your actual earnings were for 2019 and we’ll send you a reassessment.

If you cease trading during the 2020 levy year and don’t want to wait for your CoverPlus invoice, contact us with your final earnings and we’ll get your invoice to you.  Alternatively, we’ll send it to you once Inland Revenue have confirmed your final earnings. 

CoverPlus Extra

CoverPlus Extra is based on an agreed level of cover. It’s not impacted by this change and will still be invoiced in advance.

If you join or leave CoverPlus Extra part way through the 2020 levy year, you’ll still receive a CoverPlus levy for the remaining part of the year. This will be calculated and sent to you once we’ve received your earnings from IR.      

Find out if CoverPlus Extra is a good option for you.


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