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# Tax Relief for the Squeezed Middle
- URL: https://goodoil.news/tax-relief-for-the-squeezed-middle/
- Published: 2023-08-30T19:30:00.000Z
- Updated: 2023-08-30T02:48:50.000Z
- Author: General
- Tags: NZ, NZ Politics, Politics, #wp, #wp-post, #Import 2024-07-16 22:22

**Christopher Luxon**

National Party leader

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Nicola Willis and I have just announced National’s tax relief policy.  
  
We’re fighting back for the squeezed middle — New Zealanders who are working hard but watching their incomes being eaten by high taxes and rising costs.  
  
This is a major part of our plan to rebuild the economy and reduce the cost of living.

**Under National’s Back Pocket Boost, New Zealanders will be better off by:**

- Up to $250 more a fortnight for an average-income family with young children
- Up to $100 more a fortnight for an average-income household with no children
- Up to $20 more a fortnight for a full-time minimum-wage earner, and lowering the tax they pay for additional hours worked
- Up to $26 more a fortnight for a superannuitant couple.

**Here’s the bottom line: a family on an average income of $120,000 will be up to $250 a fortnight better off.**

Child-free households on an average income will have an extra $100 in their pockets every fortnight.

It’s about time you got relief from Labour’s cost-of-living crisis, and National will deliver it.

**Our changes to the personal income tax brackets are carefully targeted, ensuring that hardworking New Zealanders benefit the most.**

It’s not fair that someone on the minimum wage comes close to the 30% tax rate for additional hours worked. Under our plan, that same worker will only pay 17.5% tax on extra hours.

Our tax relief will take effect from 1 July 2024 and will be achieved by:

- Shifting income tax brackets to compensate for inflation
- Expanding tax credits to reach more modest income earners
- Introducing the FamilyBoost childcare tax credit
- Increasing Working for Families tax credits for working families (from 1 April 2024).

For all the details on how the Back Pocket Boost will affect you, I encourage you to read more [here](https://www.national.org.nz/delivering%5Ftax%5Frelief?e=96faa3b0983e4aa00625b4fed9d85727&utm%5Fsource=nationalparty&utm%5Fmedium=email&utm%5Fcampaign=20230830%5Ftaxannouncement2&n=2).

[**READ OUR TAX PLAN**](https://www.national.org.nz/r?u=AWl0X3jooRlMNBFoWBra4MTPCP5VXDvQflKKE4chaSUbnfw8aB9fy6Oj1o257bcu&e=96faa3b0983e4aa00625b4fed9d85727&utm%5Fsource=nationalparty&utm%5Fmedium=email&utm%5Fcampaign=20230830%5Ftaxannouncement2&n=3)

Thank you for standing with us in these critical times.  
  
Together, we can get our country back on track.

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