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 […]
Tag: Minimum Rate
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