Finance Minister Grant Robertson. Photo: Gerard O'BrienIncreases in the minimum wage and superannuation kick in tomorrow, along with several measures aimed to help businesses. Finance Minister Grant Robertson said the April 1 changes are intended to grow the economy and improve the wellbeing of New Zealanders. Among the measures is the largest ever rise in the minimum wage, which increases by $1.20 to $17.70 an hour. A research and development incentive will provide a 15 percent tax credit to businesses that spend more than $50,000 on research and development from tomorrow.

Source: Otago Daily Times March 31, 2019 03:33 UTC