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Personal Income Tax Thresholds are Changing + Family Boost Introduction

16 July 2024

If you employ people in your business, make sure you are aware of changes to income tax thresholds from 31 July, 2024.

Also changes to Personal Tax and Working for Families threshold and payments will increase from 31 July 2024.

Personal income tax threshold changes (ird.govt.nz)


The government has also announced the introduction of the FamilyBoots Payments

The proposed FamilyBoost will be a new childcare payment made to families with young children to help with the rising costs of early childhood education (ECE).

The FamilyBoost payment will be equal to 25% of ECE fees already paid by households. This would be a maximum weekly refund of up to $75.

FamilyBoost will be available for ECE fees paid from 1 July 2024, with the first FamilyBoost refunds being made in October. 

Govt announces FamilyBoost (ird.govt.nz)






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