RNZ<\/a><\/p>\nWhile April 1 brought in changes \u2013 including adjustments to KiwiSaver contribution rates, benefit rates and the minimum wage \u2013 the changes taking effect from Wednesday are more limited.<\/p>\n
NZ Post changes<\/p>\n
From July 1, the price of all domestic courier and express products and services will increase.<\/p>\n
As well, the price of a letter will increase by 70c, so a medium-sized letter will cost $3.60 to post and a large letter $4.90.<\/p>\n
In 2004, the price of a standard letter was 45c.<\/p>\n
If that had increase only with the general rate of inflation over that time, it would be 79c now.<\/p>\n
In 2023, 7.6% of households reported spending money on postage, down from 19.3% in 2007.<\/p>\n
ACC<\/p>\n
People who have been receiving weekly ACC compensation for more than 26 weeks will have their payments increased by 1.97% from July 1. The maximum rate of weekly compensation payable, before tax, is $2466.20<\/p>\n
Paid parental leave<\/p>\n
From July 1, people who are eligible for paid parental leave will get a bit more each week.<\/p>\n
The maximum rate will increase from $788.66 to $811.05 a week before tax. The minimum rate for self-employed people lifts from $235 to $239.50.<\/p>\n
People are paid the same amount they would normally earn in an average week, before tax, capped at that $811.05 limit.<\/p>\n
To qualify, you need to be the child’s primary carer, and have worked an average of at least 10 hours a week for any of the 26 weeks in the 52 before the baby is due or the child comes into your care.<\/p>\n
Insurance changes<\/p>\n
Changes take effect for the Fire and Emergency NZ levy, on insurance policies taken out or renewed from July 1.<\/p>\n
The Department of Internal Affairs said vehicle owners would pay an annual levy amount of $25, up from $9.53 currently and up from $0 for people who only have third-party insurance. This levy is per vehicle and includes motorbikes.<\/p>\n
Homeowners will pay a maximum $107.40 on house insurance, down from $119.50 previously. The maximum amount charged on contents policies will be $21.48, down from $23.90.<\/p>\n
Non-residential property will have a rate of 7.76c per $100 of sum insured, without a cap.<\/p>\n
Sole parents looking for work<\/p>\n
From July, until June 2028, the government is setting aside $93 million to help sole parents find jobs. That includes more case management, increased flexi-wage funding, improved work placement programmes and a fund to support sole parents looking for work.<\/p>\n
The morning’s headlines in 90 seconds, including several dead in a shooting in Germany and what have you left behind in an Uber? (Source: Breakfast)<\/p>\n","protected":false},"excerpt":{"rendered":"A few changes are looming on July 1 that may affect some New Zealanders’ household finances. By Susan…\n","protected":false},"author":2,"featured_media":501859,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69,244],"class_list":["post-501858","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-new-zealand","tag-newzealand","tag-nz","tag-personal-finance"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/501858","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=501858"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/501858\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/501859"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=501858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=501858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=501858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}