Budget 2023

In this podcast, Stuart Wilkinson and Shelley Dickson discuss the New Zealand budget and its implications for business owners. They highlight key points such as the extension of early childhood care assistance programs, the scrapping of prescription co-payments, and free public transport for children under 13. They also mention the significant investment in infrastructure, including a focus on cyclone relief and support for apprenticeship programs. One important change discussed is the increase in the trust tax rate from 33% to 39%, which may impact individuals using trusts for tax minimization purposes. The hosts also touch on the need for infrastructure development to keep up with population growth and migration. They speculate on potential tax changes in the upcoming election year to address the country's debt and funding requirements. Overall, the discussion covers various aspects of the budget and its implications for businesses and individuals in New Zealand. Hosted on Acast. See acast.com/privacy for more information.