The Business Advisory Blog

The Business Advisory Blog

Insight, news and updates from Alliott NZ Chartered Accountants, Auckland New Zealand. The views expressed here are the views of the author and should be discussed in further detail should an article be relevant to your individual circumstances.

While every effort has been made to provide valuable, useful information in this publication, this firm and any related suppliers or associated companies accept no responsibility or any form of liability from reliance upon or use of its contents. Any suggestions should be considered carefully within your own particular circumstances, as they are intended as general information only.

Greg Millar
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Important Update to NZ FamilyBoost

The FamilyBoost changes announced by the Government in July have received Royal Assent and are now law.

These changes apply from the July-September 2025 quarter. Families can claim from 1 October.

There are 3 key changes:

  1. The threshold for household income is now $57,286 each quarter
  2. The amount that an eligible family can claim has increased to 40% of early childhood education costs, or a maximum of $1,560 each quarter
  3. The abatement rate is now 7% for household income over $35,000 each quarter.

These changes are designed to help ease the cost of early childhood education for families across New Zealand.

Source: ird.govt.nz

Topics: Families Income Inland Revenue Department