| 1 | A new tax incentive – Investment Boost – to encourage business investment that lifts wages and grows the economy. |
| 2 | Additional investment in health, education, law and order, and other frontline public services. |
| 3 | KiwiSaver changes to support Kiwis to save more for their first home and retirement, and to make the scheme more fiscally sustainable. |
| 4 | Funding to boost Defence Force capability and respond to a more challenging global environment. |
| 5 | New infrastructure, including a $1 billion investment in hospitals and a more than $700 million investment in schools. |
| 6 | Targeted cost-of-living support for low- to middle-income families and other groups. |
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.