– Paid parental leave will increase from 14 weeks to 16 weeks;
– For babies born on or after 1 April 2015, the Government will increase the parental tax credit from $150 a week to $220 a week, and extend the payment period from 8 weeks to 10 weeks.
From 1 April 2016 parental leave payments will apply to more workers in particular to people who have recently changed jobs, seasonal and casual workers, and workers with more than one employer, and leave entitlement will increase by two weeks again to 18 weeks.
For an in-depth guide on the Act including the latest changes, you can check out Employer Assistance’s eBook ‘Parental Leave Guide 2015‘
Our friends at employers.co.nz also have a great toolbox for employers:
What does this change mean for your Payroll processing?
The great thing about using SmartPayroll is that the platform stays up to date with tax and legislative changes relating to pay and leave. For the Parental entitlements changes from 1 April 2015, our system will automatically update to the entitlement change.