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<p>Finance Minister Grant Robertson has announced the Government’s Budget for 2022. Included in today’s announcement were:</p>
<ul>
<li>A cost of living payment to New Zealanders earning up to $70,000 in the 2021/22 year. This payment of $350 divided over three months will be paid to eligible people from 1 August. There is no application process. Inland Revenue will assess eligibility and pay the money direct into bank accounts.</li>
<li>The Government also announced that from 1 July 2023 child support collected by Inland Revenue will be passed on to sole parent beneficiaries.</li>
<li>In addition, the Budget provides permanent baseline funding for Inland Revenue’s on-going administration of the research and development tax incentive. Current funding was due to expire on 30 June 2022.</li>
<li>The Budget also provides Inland Revenue with funding to maintain capability to support ongoing integrity work and manage cost pressures.</li>
</ul>
<p>Full coverage of the Budget announcements is available at <a href="https://www.budget.govt.nz/">www.budget.govt.nz</a></p>
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