Accountant On Site NZ

09/04/2026

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08/04/2026

24/03/2026

Today the Government announced a temporary change to the in-work tax credit (IWTC) rate for the period 1 April 2026 to 31 March 2027 or until the price of 91 petrol is below $3 per litre for four consecutive weeks (whichever is earliest).

The rate will increase by $50 a week (from $97 to $147 a week) for those who are eligible for the full amount of the in-work tax credit.

If you already receive the in-work tax credit, you will automatically get this increase. The first payment with the increased rate will be 7 April for weekly payments and 14 April for fortnightly payments.

You do not need to contact us.

If you currently receive your IWTC payments at the end of the year, you can change this to weekly or fortnightly in myIR. If you keep your payments the same, you will still receive the increased entitlement that you are eligible for at the end of the year

For more information visit ird.govt.nz/in-work-tax-credit-increase