Budget 2025

The Government’s Budget for 2025 includes these proposed measures:

• introducing a tax deferral regime for Employee Share Schemes
• introducing Investment Boost, which supports businesses with an immediate tax deduction when purchasing new assets
• increasing the Working for Families abatement threshold and abatement rate, and extending income testing to the first year of Best Start
• making changes to KiwiSaver, including extending eligibility for Government and employer contributions to 16 and 17 year olds, increasing the contribution rate, removing the government contribution for people earning over $180,000 per year and halving the government contribution rate.

The Government has also launched consultation on proposals to:

• improve Working for Families 
• reform the thin capitalisation rules to support infrastructure investment.

More information about these measures is available on the Budget website.

www.budget.govt.nz