Photo: NZ HeraldPrime Minister Chris Hipkins has today announced paid parental leave is set to go up on July 1 by $51 a week for new parents. It means eligible parents will see an increase in the parental leave payment from $661.12 per week to $712.17 per week, before tax. Paid parental leave is set to go up on July 1 by $51 a week for new parents - and $1327 for those taking the full 26 weeks of parental leave. Paid parental leave rates are pegged to the average wage, so would lift by 7.7 per cent, Hipkins said today. The Budget will also mean that from mid-2024, new parents will receive a 3 per cent Government contribution to their KiwiSaver while on paid parental leave, provided they continue their own KiwiSaver contributions.

Source: New Zealand Herald June 19, 2023 05:35 UTC