The Workplace Relations and Safety Minister has announced that the adult minimum wage will rise to $23.15 per hour from 1 April 2024. This is an increase of 45 cents per hour from the current rate of $22.70. The new rate applies to Hours Worked from April 1st, regardless of the pay period dates. In […]
Tag: Minimum Rate
2023 April Tax Changes
Not many changes this year and no change to the Holidays Act which is a blessing in my view as the proposed changes would do nothing to make the Legislation easier to comply with. ACC Earner LEVY Rate The ACC Earners Levy Rate has increased from $1.46 to $1.53. ACC Earner LEVY Threshold The maximum […]
The Adult Minimum wage to increase from $21.20 to $22.70 from April 1st, 2023
The Government recently announced an increase to the Adult Minimum wage to $22.70 from April 1st, 2023. The starting out and training minimum wage will go up from $16.96 to $18.16 per hour. These rates will apply to all hours WORKED from April 1st, 2023 and will be automatically applied.
Minimum Rate to Increase to $20 per hour from April 1st, 2021
The Government has confirmed it will raise the minimum wage to $20 per hour from April 1, 2021. Workplace Relations and Safety Minister Michael Wood said “There are many Kiwis who earn the minimum wage that have gone above and beyond in our fight against COVID. I think everyone agrees those who served us so well […]
Minimum Rate to increase to $18.90 from April 1st, 2020
The Government has just announced that the Minimum Rate will increase from $17.70 to $18.90 as at April 1st, 2020. It will be based on actual hours worked from April 1st. See also – https://www.stuff.co.nz/business/118293153/minimum-wage-will-rise-to-1890-in-2020
2019 Tax Changes – effective from April 1st, 2019
There is not much happening Tax wise for the 2019/20 Tax Year, just four changes to do with payroll. ACC Earner Levy Threshold – The maximum income on which the ACC levy is applied is increased from $126,286 to $128,470. Student Loan Threshold – The Student Loan Threshold has increased to $19,760 or $380 per […]
Minimum rate to increase by $1.20 in April 2019 to $17.70
New Zealand workers on the minimum wage are set for a significant pay rise. Today the Government announced that the minimum wage will increase to $17.70 an hour on April 1, 2019 – an increase of $1.20 per hour. For a full-time worker this will mean an extra $48 a week before tax. The current […]
2017 April Tax Updates
As is customary this time of year, new updates in relation to payroll come into place. Luckily, this year there is very little change, these are: The ACC Earner Levy Threshold increases from $122,063 to $124,053. This means that you do not need to pay ACC on earnings above $124,503, the rate remains at $1.39 […]
Minimum Rate Increases – effective April 1st, 2013
Minimum hiourly rates increase from April 1st, 2013