The costs to the taxpayer from benefits have fallen due to benefit reforms. The latest valuation current lifetime liability of the New Zealand welfare system estimates the liability at NZD76.5bn, a fall of NZD10.3bn. The saving came from having fewer people on benefits, fewer sole parents taking up benefits and more ceasing to claim over the course of 2013. It also reflects the reduced projected cost of supporting young people. Reforms in the past two years modified the past system of seven categories to three main benefits in July 2013, and have removed unemployment, sickness and domestic purpose benefits.
Related Posts
New Zealand revises fuel tax increase schedule
New Zealand has cancelled a planned 12-cent-per-litre fuel excise increase scheduled for 1 January 2027, Finance
Read More
Fiji, New Zealand conclude income tax treaty negotiations
Fiji and New Zealand have completed the final round of negotiations on a new income tax treaty, with officials from
Read More
New Zealand clarifies corporate income tax treatment of amalgamations
New Zealand Inland Revenue issued Technical Decision Summary No. 26/11 on 14 August 2026, setting out the corporate
Read More
Hungary authorises signing of tax treaty with New Zealand
Hungary published Government Resolution 1254/2026. (VIII. 7.) in the Official Gazette on 29 June 2026, authorising the
Read More
New Zealand: Green Party’s election tax policy targets large corporations
The Green Party of New Zealand has released its 2026 tax policy, “A tax system for all of us,” proposing a broad
Read More
Fiji, New Zealand to conduct third round of income tax treaty negotiations
According to an update issued by New Zealand's Ministry of Foreign Affairs and Trade, representatives of Fiji and New
Read More