David Parker: Revenue Minister urges people to update bank account with IRD to receive cost of living payment

A sugar hit to sweeten up New Zealand's squeezed middle.The first instalment of the Government's Cost of Living payment, which was announced in May's Budget, is being dished out today.Anyone earning $70,000 or less will get $116, with two more equivalent payments in the coming months.Revenue Minister David Parker is urging people to make sure their bank details are up to date with Inland Revenue so the cash arrives when it should.He says they can backdate payments, but he's recommending updating details straight away.LISTEN ABOVESee omnystudio.com/listener for privacy information.