Social Security Contributions

Northern Advocate, 30 April 1940, Page 3

Social Security Contributions

In 1 his issue appears an intimation from the Commissioner of Taxes that an instalment of the Registration Fee becomes payable on the Ist May, and that on the same date there also falls due the first instalment of the Social Security charge on income other than salary or wages derived during the year ended 31st March, 1940. Payment may be tendered at any Money-Order Office. All male and female persons, including Natives, .sixteen years of age or over must either pay the registration fee or establish a right to exemption in respect of each instalment. All persons entitled to exemption including persons in receipt of an age benefit from the Social Security fund and who are not in receipt of any other income, are reminded that they may be held liable for payment of the instalment unless a claim for exemption is completed and presented together with the coupon-book at a Money-order Office within 7 days after the last day for payment of that instalment. Failure to pay renders defaulters liable, on summary conviction, to a fine of £5. In addition, a penalty of sixpence per month, with a maximum penalty of 2/6 for each instalment automatically accrues if payment is not made within one month of the due date. Ail male and female persons (including Natives) sixteen years of age or over, are required during the month of May, to furnish in respect of the year ended 31st March, 1940, declarations of income other than salary or wages (“nil” or otherwise), and to pay the Social Security Charge at the rate of 1/- in the £ on such income. A penalty jof 10% is payable on any amount of the charge not paid within 1 month of the due date. The income derived by a person in receipt of a war pension in respect of total disablement is exempt from the Social Security charge. Monetary benefits from the Social Security Fund are also exempt. The declaration forms are in two parts. Part 1 is the usual form of declaration of income while Part 11. comprises a declaration of personal j particulars for the purpose of the Social Security Register. Both parts must be completed in every case notwithstanding that Part 1 may, in some instances, be a “nil” declaration or may not be required. Employers also have certain obligations under the Social Security Act, and are responsible for deduction of the wages charge at the time of pay-1 ment of all salaries or wages paid to employees, including the value of any benefits in kind, such as food, lodging or free house provided and must also inspect the coupon-books of employees periodically to ensure that payment is duly effected of all due instalments of the Registration Fee. Further information relative to Part 1 may be obtained from the Commis- ! sioner of Taxes, Land and Income Tax j Department. Wellington, C. 3.. and in- j formation relative to Part II from the Director, Registration Branch, Social Security Department, Private Bag, Wellington .C. 1.,. or in both cases from I any Money Order Office. 710