ACC Coverplus Extra (CPX)

A little about ACC cover plus extra

ACC Coverplus Extra is an optional cover product that allows you to choose how much of your income you want to be covered if you have an accident and can’t work.

Essentially, it’s a system where you agree to pay ACC levies on a fixed income amount (regardless of what you actually earn), thereby reducing your ACC Levies (which are normally calculated using a rate specific to your work industry and your income for the financial year).

We recommend you have adequate income protection insurances in place if you decide to use CPX; CPX isn’t something us accountants set up but be sure to raise this matter with your insurance broker - if you don’t have a broker, we are more than happy to recommend a couple of options for you! You can also talk to ACC directly if you’d prefer and there’s more info on CPX via the link below

Cover Plus Extra Eligibility

You must be taking drawings and earning a shareholder salary as opposed to PAYE wages from your business, therefore you must save for tax rather than pay as you go. The levy savings can be totally worth it!

Every penny saved is a penny in your pocket for the fun stuff so we are all about CPX for the right candidates!