1 October Tax Cuts

The 1 October tax changes will help hard-working Kiwi families get ahead under their own steam.

1 October Tax Cuts summary

After 1 October:

• The average family will be about $25 a week better off
• The average earner will be about $15 a week better off
• A retired couple receiving only NZ Super will be about $11 a week better off.

Find out how the tax cuts will benefit you. Visit the tax calculator at www.taxguide.govt.nz

The changes are an important part of National's six-point plan to boost growth, create jobs, and raise incomes.

Announcements

4 October

Tax changes strengthen economy, help families

The Government's tax changes tomorrow will strengthen economic growth and help New Zealand families get ahead, Finance Minister Bill English says.

GST compensation for beneficiaries

The National-led Government's tax reform package will see beneficiaries compensated tomorrow for the rise in GST. 


27 September

Labour's unfunded GST policy worth $1 a week

Labour's unfunded policy to remove GST from fresh fruit and vegetables would deliver only $1 a week for the average Kiwi - and much less for low income earners, Finance Minister Bill English says.

23 September

Mixed economic news - tax package will help

A fifth successive quarter of economic growth is another sign the recovery is continuing - and the Government's tax package next week will further help the economy in the long-term, Finance Minister Bill English says.

22 September

Almost half a million page views for tax website

The Government's Budget 2010 tax calculator website www.taxguide.govt.nz is proving popular with New Zealanders and demand is increasing as 1 October approaches, Finance Minister Bill English says.

21 September

1 October tax cuts will boost real wages

The Government's 1 October tax changes will further boost real after-tax wages, leaving the vast majority of New Zealanders better off, Finance Minister Bill English says.

Tax reforms a boost for Superannuitants

The introduction of the National-led Government's tax reform package will see New Zealand Superannuation payments increase on 1 October 2010 and leave Superannuitants better off even after the GST increase.

1 October Fact Sheets

Fact Sheet – Personal Tax Cuts

Fact Sheet – Salary and Wage Earners Table

Fact Sheet – NZ Super and Veterans Pension

Fact Sheet – GST and Compensation

Fact Sheet – Savings Tax Changes