Weekly Income Compensation is calculated as a weekly financial support and paid:
- every two weeks within NZ, or
- every four weeks outside of NZ.
About Weekly Income Compensation
Weekly payment rate
All payment rates are before tax.
|Weekly payment amount
This payment is calculated as 80% of the average weekly wage. In calculating this, we don't take into account:
- income tax
- KiwiSaver contributions
- ACC payments
- child support
- student loan, or
- civil orders.
If you are a contributor to KiwiSaver we encourage you to take appropriate advice from your KiwiSaver provider or Inland Revenue on how to handle contributions while receiving Weekly Income Compensation or Weekly Compensation. You can arrange your own contributions or take a KiwiSaver holiday.
If you live outside New Zealand
Your payments may be taxed depending on your location. This will depend on the country you live in.
Payment you receive from us may also be treated as income. This could affect you if you’re receiving support from another country that is income tested.
We recommend you discuss your situation with the local authorities.