SOCIAL SECURITY

Bay of Plenty Beacon, Volume 4, Issue 175, 3 November 1941, Page 2

SOCIAL SECURITY

CONTRIBUTION DUE

In our last issue there appeared an intimation from the Commission- | er of Taxes that an instalment of the combined Social Security and National Security tax on income ether than salaries or wages derived during the year ended iilst March, 19-11 fell due on Ist November. All such income derived by male and female persons (including natives) 16 years oif age or over, also by those companies not specifically exempted, and trustees who derived trustees' income which no beneficiary is entitled to receive during the Uncome year is subject to the charge, hjuninalty of 10 per cent is pavamount not paid within due a reo n is en efi On the Registration comes payable by all including natives, twenty age or over and all such persons must pay the Fee or establish the right of exemption. Persons entitled to exemption including those in receipt of an Age Benefit from the Social Security Fimid and who are not in receipt of any other income arc reminded that they may be held liable for payment of the instalment unless a claim for exemption is completed and presented 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 mo-nth with a maximum penalty of 2/1) for cach instalment automatically accrues if payment is not made within one month following the due date. Persons who attain the age of 16 years are reminded of their obligations to register under the Social Security Act within one month of their sixteenth birthday and to obtain possession of a coupon-book. Neglect to do so within the time allowed is an offence, and is punishable on conviction by a fine of £50.