Work and Income have announced a new Wage Subsidy for businesses affected by the rise in Alert Levels on 28 February 2021. Applications will be available from the Work and Income website from 1pm on Thursday 4^th March – Link to Work and Income Wage Subsidy

Eligibility

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 businesses throughout New Zealand.

Applications

You’ll be able to apply online from 1pm on Thursday 4 March 2021 and payments start from Monday 8 March 2021.

Payment rates

The Wage Subsidy March 2021 will be paid for 2 weeks at the rate of:

• $585.80 a week for each full-time employee retained (20 hours a week or more)
• $350 a week for each part-time employee retained (less than 20 hours a week)

You can’t get a Wage Subsidy for an employee for the period they’re covered by a Leave Support Scheme or Short-Term Absence Payment.

If you have any questions or need assistance please don’t hesitate to contact us.