Episode Details

If you’re self-employed and your ACC invoice makes you wince, there’s a good chance you’re paying for cover you can’t fully use, or missing the cover you actually need. We sit down with Blake to unpack ACC CoverPlus, the income cap that limits weekly compensation, and why your occupation and CU code have such a big impact on what you pay. Using a simple builder example, we show how someone earning over the ACC threshold can be paying top-dollar levies while their cover still caps out.

Then we get practical about ACC CoverPlus Extra. We talk through how choosing a lower level of ACC earnings cover can reduce levies, and when that can be smart because you’re already funding private income protection. The bigger idea is not just saving money, but building a plan that covers both injury and illness. ACC covers injuries, but it does not cover illness, and most long-term time off work tends to come from illness claims. The right income protection insurance in New Zealand can fill the injury gap and add illness cover, but only if the policy is structured to work alongside ACC.

We also flag the traps that catch real people: missing a CoverPlus Extra payment and quietly reverting back to CoverPlus, exclusions on income protection for old injuries, and CU codes that no longer match the work you do. We finish with clear next steps you can take today, including getting your CU code confirmed in writing and getting proper advice before changing cover. If this helped, subscribe, share it with a self-employed mate, and leave a review. What’s the one part of ACC you want us to explain next?

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