HomePolicyEconomy

National’s plan for young adults

Our plan for young adults, we’ll deliver a future where you have the best opportunity to get ahead in life

From Monday 26 October, Kiwis will be able to vote on New Zealand’s future. National has a plan to help you secure your future, whether you’re a Kiwi kid, a young person starting out, a parent raising your family, or in your retirement.

This election, there is a clear choice between sticking with National’s plan for a more secure future, no matter the stage of your life, with a growing economy, less debt, more jobs and higher wages.

Or going back to Labour – propped up by the Greens, Te Pati Māori and TOP – who will undo the progress New Zealand has made over the past three years, leaving you to pay for it through at least nine new taxes costing households $2,263 each year.

Under our plan for young adults, we’ll deliver a future where you have the best opportunity to get ahead in life without having to move abroad. A future with a stronger economy, meaning more jobs and higher wages. A future where it is easier to pay off a student loan and buy your first home. A future where you get the services you rely on – all with no new taxes.

What we'll do

1

Lower student loan repayments

National will reduce the student loan repayment rate for Kiwis living in the country, leaving graduates with more take-home pay. This gives young people more income for rent, savings, a first home deposit or starting a business.

2

Wider access to 5 per cent home loan deposits

National will expand access to the First Home Loan Scheme so more eligible buyers can purchase with a 5% deposit, rather than the conventional 20%.

3

Paid Parental Leave extension

National is extending paid parental leave from 26-30 weeks to give parents more time with their newborn.

4

Stronger KiwiSaver and $1500 Baby Boost

KiwiSaver will become compulsory, contribution settings will be higher, and a $1500 Baby Boost contribution will be made for each eligible newborn.

5

A welfare system focused on work

Provide more intensive employment support for long-term jobseekers, alongside stronger expectations.

6

No new taxes

Give workers, households and businesses greater certainty.

Full policy document

Read the complete policy as a PDF.