In brief: Benefits, superannuation, minimum wage raised
Increases in benefits, national superannuation and the minimum wage are in force as ACC levies come down.
The changes, effective from April 1, mean that:
- Benefit rates increase by 1.1 percent
- Superannuation rates increase by 1.4 percent
- The adult minimum wage increases by 50 cents to $15.75 an hour
The starting-out and training hourly minimum wage rates increase from $12.20 to $12.60 per hour, remaining at 80 percent of the adult minimum wage.
ACC levies fall by $139.2 million with a further $113.2 million reduction on July 1. In total levies have been cut by $2.25 billion since 2008.
"The sound economic management of the National-led Government over the past nine years has helped get New Zealand back on track and in a position to start sharing the benefits of our growing economy with Kiwis," Prime Minister Bill English said.