Include the 2020 minimum wage rise in your budget

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In December 2018 the government of New Zealand has confirmed that the adult minimum wage will increase from $17.70 to $18.90 on 1 April 2020.

Those on the starting-out and training wages will also see a boost in pay to $15.12 per hour. This rate remains at 80% of the adult minimum wage.

The increase to $18.90 in 2020 offers a balanced approach toward reaching the Government’s plan for a $20 minimum wage by 1 April 2021. The $18.90 rate was determined after consultation with stakeholders, including employer and employee representatives, and confirmed after an annual review which took into account the current economic context and the interests of businesses and workers.

 

Source: https://www.mbie.govt.nz

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