The New Zealand government announced on 11th February 2021 that the Flexi-wage scheme is being expanded on 15 February 2021.
The scheme is designed to help people who lost their jobs during the COVID-19 pandemic to start new careers.
The Flexi Wage payments, including GST will be:
- $276 a week, totalling $6624 over the 24 weeks of the contract
- $276 a week, totalling $9936 over the 36 weeks of the contract
The expansion includes ring-fencing $30 million for a “self-employment component” which covers training and mentoring for those out of work wishing to start their own business.
The Flexi Wage self-employment will include:
- $600 a week over 28 weeks, totalling $16,800
(pro-rated for those pursuing self-employment part-time)
- increased funding support through a Business, Training and Advice Grant, up to $5000.
People moving into self-employment may also be able to access up to $10,000 to help with business start-up costs through the existing Self-Employment Start-Up payment.
Find out how to apply and more details here.