With the cost of living still putting pressure on us and money being tight for many Kiwis, everyone is looking for ways to ease the strain on their wallets.
The government just dropped its budget plans, promising some tax relief to help us hang onto more of our hard-earned cash.
This new budget comes with a nifty calculator to figure out how much you, or your household, could benefit from the package. It'll tell ya your fortnightly and yearly savings.
SOURCE: budget.govt.nz
You’ll need to plug in a few details – your annual income (before tax), if you receive NZ Super (65+), if you’ve got any dependent kids, their ages, and early childhood education costs.
If you’ve got a partner and wanna see how much you’ll be saving together, make sure their annual income is ready to chuck in too.
This calculator is quite accurate for most people, but it doesn't account for those receiving benefits, student allowance, or the Minimum Family Tax Credit.
They assure us that it "won't add to inflation."
According to the government’s figures, around 1.9 million households will receive an average of $60 extra per fortnight.
While we are at it, might as well calculate what to expect in this year's tax return too. Every little bit helps, right?
