The Cost of Living Payment is a payment to help with the rising costs of inflation for eligible individuals. We will explain who can get the payment, based on the criteria set by the Government. What is the Cost of Living Payment? As part of Budget 2022, the Government announced the introduction of a Cost of Living Payment of $350 to help with the rising costs of inflation for eligible individuals. How do I meet eligibility for the Cost of Living Payment? Inland Revenue will check who is eligible for the Cost of Living Payment before each monthly payment is made.
Budget Category
The new Business Growth Fund – Could You Benefit?
The Government is investing $100 million into a new Business Growth Fund, it announced in the latest Budget. This funding is designed to help small- to medium-sized businesses (SMEs) get the investment they need to grow, while allowing owners to keep control. Why has this fund been launched? It’s always been hard for SMEs to get business loans, which can hold them back from growing into larger operations. If you have ever tried to get a loan for a small business, you’ll know the banks can be reluctant - they’ll often ask for the loan to be secured against your home.…
What does the 2022 Wellbeing Budget Mean For You?
With the cost of living soaring, interest rates rising and house prices falling, Budget 2022 aimed to deliver a little something to help the average household. In Budget 2022, the Government is investing an average of $5.9 billion per year in new operating spending, with further initiatives funded from Budget 2023 and 2024 allowances as a result of new multi-year funding approaches. So what's in it for you? 1. Support for rising household prices You get to enjoy at least some of the benefits of the latest Wellbeing Budget, particularly the extended fuel excise and road user charge reductions. Those…
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