First home buyer burned by sunset clause finally secures dream house in Lower Hutt
Remember Bailey Ross, the first time buyer who missed out on the property she'd been saving since she was 16 to own because of a sunset clause? Well, great news! She's secured a home in Lower Hutt.
I caught up with Bailey for an episode of First Rung, our podcast for first time buyers. She ended up giving me a bit of a masterclass in tenacity and not giving up on your home owning dreams.
Find out how Bailey found her first home, and what it means to her after such a big let down.
π Christmas 2025 Holiday Pay - What You Need to Know π
π Christmas 2025 Holiday Pay - What NZ Employers Need to Know π
With Christmas fast approaching, itβs important to make sure your team is paid correctly over the holiday period - especially with holiday legislation changes on the horizon.
π Good news: For Christmas 2025, the current Holidays Act rules still apply.
Hereβs a simple breakdown π
β
Employees with 12+ months service
β’ Entitled to 4 weeks paid annual leave
β’ Pay the higher of:
π Ordinary Weekly Pay or Average Weekly Earnings
π Full-time example
β’ 8 hrs/day Γ 5 days = 40 hrs/week
β’ $1,200 per week = $240 per leave day
π Part-time example
β’ 3 hrs/day Γ 4 days = 12 hrs/week
β’ $300 per week = $75 per leave day
β
Employees with less than 12 months service
β’ Not yet entitled to annual leave
β’ If your business closes down over Christmas, they must still be paid holiday pay for the closedown period (usually paid via payroll accruals or 8% of gross earnings under current law)
π Christmas & New Year Public Holidays
β’ Christmas Day (25 Dec)
β’ Boxing Day (26 Dec)
β’ New Yearβs Day (1 Jan)
βοΈ If the day is a normal working day, employees are paid for it
βοΈ If they work on a public holiday:
β‘οΈ Time and a half + an alternative paid day off
π Important β Changes Coming
The Holidays Act will eventually be replaced by a new Employment Leave Act, moving to hours-based leave accrual and simplified calculations.
β οΈ These changes are not in force yet, so Christmas 2025 still follows current rules.
π¬ Need help checking your payroll or holiday calculations?
π§ Email: info@corefigures.co.nz
π Website: corefigures.co.nz...
β¨ Feel free to share this with other NZ business owners β¨
Neighbourhood Challenge: Who Can Crack This One? βοΈβπ₯β
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