Pensioners, students, and everyone on main benefits will see their payments from the Government rise by 7.22% in line with inflation from April 1.
Prime Minister Chris Hipkins announced the changes today as part of his continuing focus on "bread and butter" priorities amid what's shaping up to be a tight election year.
He added it would "mean approximately 1.4 million New Zealanders will not go backwards" as they "feel the bite from the rise in the cost of living".
The changes announced today would apply on the same day that the Government's previously-announced childcare cost-of-living package would go into effect.
The minimum wage would also be increasing on the same day next month.
Under the changes, a couple on NZ Super would receive $103 more in total a fortnight, and a single person living alone receive an extra $67 with each payment.
Other main benefits that will see an increase include Jobseeker Support, Youth Payment, Young Parent Payment, Sole Parent Support and the Supported Living Payment.
Tertiary students receiving the student allowance will also see around $20 extra for each payment. It will also apply to student loan living cost payments.
"Working families will see increases to Working for Families, including an extra $4 for Best Start Payments taking it to $69 per week and an increase of $9 for the eldest child rate of Family Tax Credit, lifting it to $136 per week," Hipkins said.
Social Development Minister Carmel Sepuloni said the $311 million change was a "practical solution to ensure those being supported didn't fall behind."
Inflation "rose by 7.22% in the year to December, while the net average wage – against which main benefits are indexed – rose by 6.24%. The extra boost to main benefits covers the 0.98% gap," she said.
"For working-age people receiving a main benefit, they will see an increase of between $19.81 and $46.20, depending on the type of benefit and whether they are single or a couple."
Today's cost of living changes follows an increase to the minimum wage and the Government’s $718 million extension of discounts to the fuel excise duty and public transport fares until June.
Last November, former prime minister Jacinda Ardern announced the Government's $189 million package to make an additional 10,000 children eligible for childcare assistance.
"All up, the additional support above the annual general adjustment equates to an extra $311 million, this is on top of the $189 million announced for the changes to Childcare Subsidy," Hipkins said on Monday.
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What's your favourite recipe for courgettes?
Kia ora neighbours. If you've got a family recipe for courgettes, we'd love to see it and maybe publish it in our magazine. Send your recipe to mailbox@nzgardener.co.nz, and if we use it in the mag, you will receive a free copy of our January 2025 issue.
Harbour Bridge lane closure - protests
The Treaty Principles Bill was introduced to parliament last week and could have ramifications on the partnership between the Crown and Māori.
Hīkoi mō te Tiriti (March for the Treaty of Waitangi) set off from Cape Rēinga on Monday morning and is expected to reach Wellington next Tuesday. It has now passed through Kaitaia, Kawakawa, Whangārei, Dargaville and is passing through Auckland on Wednesday.
What you need to know today:
- The hīkoi is due to cross the Auckland Harbour Bridge about 9.30am on Wednesday. Two northbound lanes will be closed at some point before the crossing, and remain closed during it.
- NZTA shared at 8:50am Wednesday:
'Curran St northbound on-ramp will be closed shortly, with two northbound lanes on the Harbour Bridge expected to close from approx 9.30am this morning. Allow extra time for likely delays through this area.'
- The hīkoi is expected to go across the Harbour Bridge, in a controlled fashion before marching through parts of the CBD towards Okahu Bay.
- Auckland commuters should expect traffic disruption in vicinity of both sides of the Harbour Bridge.
Stuff reporter Steve Kilgallon was at Stafford Park on the north side of the Harbour Bridge at 8.30am Wednesday and shared:
"I just walked through Stafford Park, where there’s about 400-500 people quietly assembled and more arriving; and about 20 police standing over near the motorway off ramp. Lot of Tino Rangatira flags in evidence, local streets very busy with parked cars."
Police have shared that they will respond accordingly to any issues that may arise along the route.
Poll: Do you think NZ should ban social media for youth?
The Australian Prime Minister has expressed plans to ban social media use for children.
This would make it illegal for under 16-year-olds to have accounts on platforms including TikTok, Instagram, Facebook and X.
Social media platforms would be tasked with ensuring children have no access (under-age children and their parents wouldn’t be penalised for breaching the age limit)
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Do you think NZ should follow suit? Vote in our poll and share your thoughts below.
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85.1% Yes
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13.4% No
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1.5% Other - I'll share below
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