Reimbursement & Forms
We reimburse you for the time taken to participate in a clinical trial. This includes payment for trial participation and can include travel costs. The reimbursement amount for trial participation is based on the time involved with taking part in the trial and the number of procedures. Our payments are usually made at the end of the trial and on completion of the required forms. Trial payments are made as close to completion of your trial as possible.
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- We are required to tax your reimbursement payment. To meet this obligation, we require participants to complete an IR330C. If you need information about taxation, please contact an independent adviser as we cannot provide advice.
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- To ensure prompt payment, please complete the NZCR Payment & Travel Form and forward the payment details and tax forms to paymentforms@nzcr.co.nz as soon as possible.
How NZCR Trial Payments Work
When you participate in a clinical trial with NZCR, you are paid as an independent contractor.
Here’s what that means for you:
- Tax deductions: Withholding Tax is deducted from your payment at the rate declared on your IR330c form
- ACC levies: The Withholding Tax deducted does not include your ACC levy, ACC require you to pay these levies separately and will issue you an invoice after the financial year.
- Student loans: If you have a student loan, this will not be included in your deduction. You may need to set some of your payment aside to repay this separately.
- Receiving a benefit: Receiving a reimbursement may affect any government benefits you receive. You are responsible for communicating to the appropriate agencies and declaring this income.
Further information regarding ACC:
Although ACC does not cover injuries that occur while taking part in a clinical trial, ACC will cover you for injuries that occur in your day-to-day life (e.g. breaking your arm). See further information from ACC directly here.