The discounts
A discount of 5 percent per annum is again available for employers who pay their full year's premium by 31 August 2020.
A discount of 3 percent per annum is also available to employers who wish to continue to pay their premium in full by 1 October 2020.
To qualify for the 5 percent discount employers must:
- Pay any outstanding balance from 2019/20 (or previous years); and
- Pay their full 2020/21 premium (less the 5% discount) by 31 August 2020.
To qualify for the 3 percent discount employers must:
- Pay any outstanding balance from 2019/20 (or previous years); and
- Pay their full 2020/21 premium (less the 3% discount) by 1 October 2020.
Information on ways to pay your premium will be set out in your Premium Notice.