Covid-19 Wage Subsidy Update

Greenlion News

This morning Work & Income NZ released further information about the new Wage Subsidy available to businesses due the current upgrade in Alert Levels. 

To qualify, your business needs to experience a 40% decline in revenue over a consecutive 14-day period between 28 February and 21 March, compared to a typical 14-day period between 4 January and 14 February 2021 (6 weeks before the change in Alert Levels). This is available to all businesses not just Auckland based ones. 

This subsidy will be paid out in a lump sum, the same as the previous wage subsidies. It will pay $585.80 a week for full-time workers (who worked 20 or more hours per week before COVID-19) and $350 a week for part-time workers (fewer than 20 hours). You are not able to get a Wage Subsidy for an employee for this period if they are covered by a Leave Support Scheme or Short-Term Absence Payment.

Applications can be made here, and are open from 1pm tomorrow (Thursday 4th March 2021) and payments will start from Monday 8th March 2021. 

If you need help to check your eligibility, or if have any questions about the Wage Subsidy please do not hesitate to get contact your Greenlion Advisor. 

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