SOCIAL SECURITY

Bay of Plenty Beacon, Volume 05, Issue 85, 31 July 1942, Page 5

SOCIAL SECURITY

LEVY DUE ON AUGUST Ist

In this issue appears an intimation from the Commissioner of '.Paxes that an instalment of the combined Social Security and National Security' Charge on income other than salaries or wages derived during the year ended 31st March 19112 falls due on Ist August. All such income derived by male and female persons (including natives) sixteen years of age or over, also by those companies not specifically exempted, and by trustees (whether or not the beneficiaries are entitled to receive the income during the income year) is subject to tiie charge. A penalty ol 10 per cent is payable on any

amount not paid within one month following the due Income other than salary or wages derived by a

person in receipt of a war pension in respect of his total disablement through service in the 191-1-19 war is exempt from the charge. Monetary benefits from the Social Securill Fund are also exempt.

On Ist- August an instalment of | the Registration fee (5 -) also lie-] comes payable by all male persons, including natives, twenty years ol age or over and all such persons must pay the Fee or cstablisji the right to exemption. Persons entitled to exemption including those in receipt of an Age Benefit 1 rom the Social Security Fund and avlio arc not in receipt of any other inr> come are reminded that they ma} 7 be held liable for payment of the instalment unless a claim lor 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 month with a maximum penalty of '2/(i for each instalment automatically accrues i! payment is not made within one month following the due date. Persons who attain the age of sixteen 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-