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Chartered Accountants

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Introduction of Best Start

Posted on Jul 5, 2018 by admin

From 1 July 2018, eligible parents who have a baby born on or after 1 July 2018 will receive a Best Start payment of $60 per child.

Eligible individuals will receive $60 a week until the baby turns one regardless of household income. For those with a household income of less than $79,000, you will receive $60 a week until the child turns three.

The eligibility requirements are as follows:
– You must be the principal caregiver of the child
– You must be a New Zealand resident or citizen and have been in New Zealand for a continuous period of 12 months at any time, or
– The child you are claiming for is both a resident and present in New Zealand
– You must be a New Zealand resident
– You must have an IRD number for the child you will receive Best Start payments for.

Families can apply when registering their baby’s birth through “Register your Baby” on the SmartStart website, or by completing the Working for Families Tax Credits registration (FS1) form which can be found on the IRD website.

For many years now Garry Hughes of BDS Hughes Chartered Accountancy and his team have provided us with an exceptional professional service. We have found Garry‘s knowledge in his field of taxation, business planning and financial matters of great value to us, along with providing us additional recommendations for improving our business strategies. We would recommend their friendly and professional services to anyone who is looking for an accountancy service that will improve their business performance.
Jane HandleyDirector Rug Doctor

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